Bank of America


Best Bank to work for in 2023

Banking is a field that offers many opportunities for professional growth, and it can be a financially rewarding and fulfilling career path. The high salaries and generous bonuses that come with the job are just some of the many benefits of working in the banking industry.


Bank of America’s Erica Use More Than Triples Since 2020

Brian Moynihan, CEO of Bank of America (BofA), in his earnings report for the first quarter of this year, said that each business segment showed good results during this period, as the financial giant quickly and organically developed customer relationships and accounts.

Finance & Economics

Bank of America Sees Slowing Credit and Debit Card Spend

In the United States, in March 2023, household spending on credit and debit cards increased by 0.1% compared to the figure recorded for the same period last year.


Bank of America Reshuffles Lending Unit Employees

The media reports that the management of Bank of America has decided to reduce the staff of the division of this financial institution specializing in lending and capital management.

Science & Technology

US Credit Card Debt Reaches $1 Trillion, While Delinquency Rates Rise

The New York Federal Reserve estimated that US credit card debt reached nearly $1 trillion in the fourth quarter of 2022, growing by a record $130 billion annually. The rise in delinquencies and charge-offs makes credit card issuers prepare for the worst


US Biggest Banks Teams Up to Take On Apple and PayPal

The largest US banks are joining forces to create a digital wallet.


US Banks to Report Profit Decline, Prepare for Recession

Major US banks are expected to show a net profit decline in their quarterly earnings reports to be released on Friday, while the industry is getting ready for an economic slowdown


Major Banks Work Out Reimbursement Scheme for Zelle Fraud

To boost security and consumer trust in Zelle, America’s largest banks are developing a compensation plan for customers falling victim to scams


SEC could charge $1 billion over bankers’ WhatsApp messages

SEC is investigating the cell phone use of Wall Street executives and employees: private messages should not discuss investment terms, client meetings and other business


Rich Americans Keep Borrowing Despite Rising Rates

Bank of America and Morgan Stanley registered significant growth in loans to wealth-management customers in the first half of the year

Finance & Economics

Top 7 banks for young adults

There are some bright examples of financial institutions that know exactly what young adults want


Bank of America introduced a fraud prevention tool

The bank aims to assist clients with fraud prevention


Best Robinhood stocks to buy now

What are the best Robinhood stocks to buy now?


Bank of America expands its digital B2C payment offerings

 Pay to Card is expected to process payments to around 170 countries in over 120 currencies


Most profitable banks of 2020

Let’s take a look at the most profitable banking institutions of 2020 ranked by the net income/net profit


Top 10 leading banks in the US

The aggregate assets stored within the top 10 leading banks in the US exceeds $9 trillion

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