AI in a car can be fatal. What could go wrong with AI in a bank? A new council established by BofA and Harvard hopes to minimize unintended consequences that could jeopardize consumers' financial well-being or discriminate against them.

Cathy Bessant, chief operations and technology officer at Bank of America, shares her thoughts on how companies can prevent human foibles and biases from creeping into their software and the need to build an ethical framework for AI software development and use.

Rep. Maxine Waters, D-Calif., questioned Bank of America's decision to discontinue free online checking accounts used by many low-income consumers in light of the bank's recent profits and corporate tax cuts.

New York state's pension funds are urging credit card companies to consider following Citigroup's lead in cracking down on gun sellers.

Despite increased bank and investor activity around digital P2P payments, consumers haven't flocked to P2P in expected numbers.

The bank is providing Merrill Edge's do-it-yourself clients with more automated stock and portfolio research, but it plans to hire more financial representatives for those who want in-person advice in branches.

Despite more bank and investor activity around digital P2P payments, consumer usage of P2P is a mixed bag.

Bank of America pays female staff in Britain 28.7% less on average than male employees, according to a report released Tuesday.

The bank on Monday launched a loyalty and rewards program aimed at small businesses.

Bank of America is giving its small-business credit card customers some of the key features of the credit card rewards it offers consumers.