Bank of America
Bank of America
Bank of America Corp is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets.
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BofA is using an old-school method to battle the world's newest scams: in-person seminars, taught at brick-and-mortar branches.
June 16 -
Brian Moynihan spoke of the challenges of developing and maintaining Erica, the bank's main internal AI model, with precision.
June 8 -
The domestic focus of most instant settlement rails is evolving toward cross-border, creating an opportunity for the bank to approach corporate clients.
June 4 -
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.
June 1 -
As the head of digital, Katz brought mobile apps into a single platform spanning banking, investments and retirement.
June 1 -
Hari Gopalkrishnan's mantra is "AI slop is not an option."
June 1 -
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.
June 1 -
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.
May 6 -
Brian Moynihan will continue to wear two hats, thanks to the support of almost 70% of Bank of America's shareholders.
May 4 -
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.
April 15 -
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.
April 15 -
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.
April 15 -
The nation's second-largest bank agreed to the massive settlement to avoid a looming trial in May over accusations that it enabled suspicious, multimillion-dollar transactions — including a staggering $170 million payment from the former Apollo CEO Leon Black — to Epstein.
March 30 -
The bank is pushing wealth managers to use artificial intelligence embedded in Salesforce and Zoom to plan, summarize and follow up on client meetings.
March 26 -
The company has agreed to a 20-year lease for the entire office portion and some retail space at the 51-story property, where it's already the anchor tenant.
March 16 -
The bank-owned instant payment network has added a new use for its seldom-mentioned disbursement business.
March 12 -
With the likes of Amex and JPMorganChase upgrading card perks, BofA is expanding no-fee access to more customers and products and adding incentives.
March 2 -
After a long price correction in the art market, Bank of America is expanding its advisory services for collectors — and it's not alone.
February 25 -
The North Carolina-based megabank is making a $25 billion commitment to private credit — the latest signal that banks are undeterred, even as Wall Street raises alarm bells about the sector.
February 20 -
This month, Bank of America plans to unveil new incentives for cardholders with higher account balances. Reworking the rewards program is one lever the firm is pulling in its effort to lift the annual profit of the consumer unit to $20 billion by the end of the decade.
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