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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Bank of America is investing heavily in videoconferencing at unstaffed branches, Citigroup is experimenting with gamification and Union Bank’s PurePoint Financial is going entirely paperless.
April 12 -
The bank says its partnership with Lender Price will help streamline and simplify its home loan process.
April 12 -
Applications can now be made on the bank's app or website, but closings will still be in person. With this move, BofA joins Quicken Loans, Lenda, SoFi and others offering a mostly digital mortgage. The trend is sure to continue.
April 11 -
Bank of America plans to stop lending to companies that make assault-style guns used for nonmilitary purposes.
April 10 -
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.
April 10 -
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.
April 5 -
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.
April 4 -
New York state's pension funds are urging credit card companies to consider following Citigroup's lead in cracking down on gun sellers.
April 4 -
Despite increased bank and investor activity around digital P2P payments, consumers haven't flocked to P2P in expected numbers.
April 3 -
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.
March 29 -
Despite more bank and investor activity around digital P2P payments, consumer usage of P2P is a mixed bag.
March 27 -
Bank of America pays female staff in Britain 28.7% less on average than male employees, according to a report released Tuesday.
March 27 -
The bank on Monday launched a loyalty and rewards program aimed at small businesses.
March 26 -
Bank of America is giving its small-business credit card customers some of the key features of the credit card rewards it offers consumers.
March 26 -
Some top bank executives — at big and regional institutions alike — enjoy premium perks, including personal travel on corporate aircraft and minimal wait times for fancy medical exams. Here’s an overview of the special items disclosed to investors so far this year.
March 21 -
Many of the industry’s top executives — at big and regional banks alike — enjoy premium perks, including personal travel on corporate aircraft and minimal wait times for fancy medical exams. Here’s an overview of the special items disclosed to investors so far this year.
March 21 -
Bank of America is offloading some margin loans after losing $292 million on soured credit to the former chairman of Steinhoff International Holdings, according to people with knowledge of the matter.
March 20 -
Three unnamed "senior" employees helped the SEC win a $415 million settlement from the bank; Sherborne Investors takes a 5.2% stake in the British bank.
March 20 -
The e-commerce giant is muscling its way into a number of businesses that banks have long dominated.
March 18 -
Online banks and some credit unions are responding to Fed rate hikes by aggressively raising deposit rates on CDs, savings accounts and money market products, while the nation's biggest banks are largely standing pat — for now.
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