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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Credit card issuers have been trying to outdo each other to offer the best rewards program. And it shows, as customer satisfaction rates with many (but not all) of their banks have never been higher in a yearly J.D. Power study. But they may not last forever.
August 17 -
Bank of America is readying a premium credit card that boosts the rewards customers may earn based on funds kept in savings and investment accounts at the bank.
August 10 -
JPMorgan CEO Dimon says banks are putting Silicon Valley to shame … in terms of diversity; Uber’s plan to replace its CEO with a woman seems to be sputtering; and Yellen’s potential successors also are all men.
August 10 -
The largest banks are approving small-business loan applications at the fastest rate since the recession, a sign that that they are willing to assume more risk and taking seriously the threat of competition from online lenders.
August 9 -
Ten years ago the global financial crisis began with subprime mortgage problems in the U.S.; the more you have, the more you get.
August 9 -
Do customers want to log in to mobile banking by snapping a picture of their eye? Bank of America will spend the next six weeks finding out.
August 8 -
Six states and D.C. still charge in-network fees when unemployed workers cash in assistance delivered through prepaid cards.
August 2 -
As much as $2.5 trillion, or nearly half of bank deposit growth since the crisis, may be attributable to the central bank's quantitative easing. If investors start drawing down on their accounts to buy back assets from the Fed, the trend could dampen liquidity at certain banks, add upward pressure on deposit prices and reshape M&A.
July 31 -
Bank of America will tokenize BofA cards across Mastercard and Visa portfolios in the U.S., supporting PayPal's mobile wallet.
July 26 -
The new Citigold program for affluent customers is more than a product — it is the centerpiece of Citigroup's vision for the future, which will also rely on branch closures and sophisticated apps.
July 25