Bank of America Corp.’s strategist Michael Hartnett says that the further cooling of the economic system of the United States may be the reason for the continuation of the downturn in the growth of shares of US technology companies.
Bank of America on Tuesday, July 16, released information on its financial results of the activity for the second quarter of the current year.
Bank of America has implemented a transaction search engine in its CashPro banking platform.
Brian Moynihan, Chief Executive Officer of Bank of America, said that currently in the United States, consumers and businesses are following an approach in the framework of spending planning, the main priority of which is caution.
Bank of America on Tuesday, April 16, released earnings data for the first quarter of the current year.
Bank of America has launched a massive update to its mobile app that integrates banking, investing, and retiring on one unified online platform.
Bank of America and Starbucks customers will get more benefits by linking accounts opened in a financial institution and a company that owns an international chain of fast-food cafes.
Last month, American Express and Bank of America recorded an increase in credit card delinquencies.
Brian Moynihan, CEO of Bank of America, said that the American economic system, in his opinion, is moving towards the realization of optimistic prospects in the foreseeable future, noting that it is likely to be expected to have a so-called soft landing rather than a recession.
The Consumer Financial Protection Bureau (CFPB) applied to Bank of America a measure of material impact in the form of an obligation to pay $12 million for the involvement of this financial institution in the practice of providing incomplete data related to mortgage lending to the federal government.
Brian Moynihan, CEO of Bank of America, positively assesses the prospects for the dynamic of the economic system of the United States and characterizes as affirmative possibilities of the financial institution headed by him for the development.
Bank of America predicts a significant economic effect as a result of the active use of artificial intelligence in various industries.
IBM projects related to the development and other activities in the sphere of artificial intelligence will become the basis for the further development of this company.
Brian Moynihan, Chairman and Chief Executive Officer of Bank of America, said that, in his opinion, the economic system of the United States is currently on the path to a soft landing and noted that a potential recession scenario probably will not become a reality.
Bank of America has reported an increase in the number of customers of this financial institution who delay credit card payments.
Bank of America announced the expansion of requirements for its SafeBalance settlement account plan.
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