Bank of America to Spend $4 Billion on AI and New Tech Initiatives
Bank of America intends to spend $4 billion on new initiatives, including artificial intelligence, in the current year.
Bank of America
Bank of America Claims Real-Time Payments Connect Businesses to Working Capital
Daniel Stanton, managing director and global head of Transactional FX at Bank of America, stated during a conversation with media representatives that as financial institutions move onto real-time payment networks, providing corporate clients with faster payment capabilities will be a long-term project.
Bank of America CEO Says About Inflation Impact on US Economy
Bank of America chief executive officer Brian Moynihan on Wednesday, February 12, said that the strong consumer spending in the United States in the current year means that the Federal Reserve System is likely to hold off on cutting its benchmark interest rate.
Bank of America CEO Says Financial Industry to Jump Into Crypto Payments
Bank of America chief executive officer Brian Moynihan said on Tuesday, January 21, that the United States banking industry will embrace cryptocurrencies for payments if regulators allow appropriate action.
Bank of America Reports Earnings
Last Thursday, January 16, Bank of America published information about its earnings for the fourth quarter of 2024, which exceeded analysts’ preliminary expectations regarding the dynamic of the relevant indicators.
Bank of America Bonuses for Investment Bankers Reportedly to Rise About 10%
Bank of America’s bonus pool for investment bankers is likely to increase by 10% for last year.
HomeStreet Agrees to Sell $990 Million in Loans to Bank of America
The parent company of HomeStreet Bank, which is based in Seattle, has agreed to sell to Bank of America loans for a multifamily commercial property worth $990 million.
BofA’s CashPro App Reaches $1 Trillion Milestone
Bank of America announced that by the end of the current year, corporate clients of this financial institution will have made more than $1 trillion in approvals for payments through the CashPro App.
Bank of America Allows Companies to Lock in FX Rates
Bank of America began to allow companies to lock in foreign exchange (FX) rates for up to one year.
BofA CEO Says About Impact of Interest Rates on Consumers
Chief executive officer of Bank of America Brian Moynihan said last Sunday, August 11, during a conversation with media representatives that in the United States, the lack of a decision by the Federal Reserve System to soften the concept of monetary policy, providing for cutting interest rates, in the short term may become a factor […]
BofA Says Cooling Economy to Crack Big Tech Rally Even More
Bank of America Corp.’s strategist Michael Hartnett says that the further cooling of the economic system of the United States may be the reason for the continuation of the downturn in the growth of shares of US technology companies.
Bank of America Reports Second-Quarter Profit
Bank of America on Tuesday, July 16, released information on its financial results of the activity for the second quarter of the current year.
Bank of America Adds Transaction Search Engine to CashPro Platform
Bank of America has implemented a transaction search engine in its CashPro banking platform.
Bank of America CEO Says About US Consumers and Businesses Cautious on Spending
Brian Moynihan, Chief Executive Officer of Bank of America, said that currently in the United States, consumers and businesses are following an approach in the framework of spending planning, the main priority of which is caution.
Bank of America Reports First-Quarter Earnings
Bank of America on Tuesday, April 16, released earnings data for the first quarter of the current year.
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