Neither company would say how many patents the deal covers, whether either paid the other or whether USAA pressed its claims first.

JPMorganChase, Bank of America and Deutsche Bank likely violated federal anti-money-laundering laws in connection with the finances of notorious sex offender Jeffrey Epstein, according to a report by Democratic Sen. Ron Wyden.

The second-largest U.S. bank provided an update to investors about the consent order issued by the OCC in 2024, saying a resolution may include monetary penalties.

The bank reports an increase in spending in host cities and in restaurants, along with an early read on the role of agentic AI.

Increased use of artificial intelligence led to revenue growth and productivity gains during the second quarter, the bank's leaders said.

For the banks involved in the record-shattering IPO, this year's second quarter was marked by a spike in investment banking income.

Washington, D.C., may be the epicenter of the nation's birthday celebrations, but the financiers, financial institutions and city that funded it deserve some attention, too.

As a subsidiary of Bank of America, Merrill uses a BofA software program to monitor and report suspicious activity. For years, the Securities and Exchange Commission says, that program fell short.

BofA is using an old-school method to battle the world's newest scams: in-person seminars, taught at brick-and-mortar branches.

Brian Moynihan spoke of the challenges of developing and maintaining Erica, the bank's main internal AI model, with precision.

The domestic focus of most instant settlement rails is evolving toward cross-border, creating an opportunity for the bank to approach corporate clients.

By bringing capital markets data into the app corporations already use to manage cash, the bank is betting it can help clients make debt issuance decisions faster.

As the head of digital, Katz brought mobile apps into a single platform spanning banking, investments and retirement.

Hari Gopalkrishnan's mantra is "AI slop is not an option."

The interconnectedness of banking enables team-led innovation to capitalize on enterprise challenges at enterprise scale—faster, with lower risk, and greater likelihood of adoption.

As gas prices surge, small businesses — particularly in agriculture and transportation — have struggled to keep up. For banks, this has brought a combination of short-term benefits and long-term concerns.

Brian Moynihan will continue to wear two hats, thanks to the support of almost 70% of Bank of America's shareholders.

The topic of AI implementation came up on several big banks' first-quarter earnings calls. Morgan Stanley CEO Ted Pick said Wednesday that the firm views AI as a friend.

After a strong first quarter, America's second-largest bank hailed the resilience of the U.S. consumer, but also forecast rising inflation in the near future.

Bank of America and Oracle are among those tweaking their treasury management and supply chain technology, partly to address clients that face cash management challenges from geopolitical risk.