Bank of America

Finance & Economics

Bank of America CEO Says About US Consumers and Businesses Cautious on Spending

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.

Finance & Economics

Bank of America Reports First-Quarter Earnings

Bank of America on Tuesday, April 16, released earnings data for the first quarter of the current year.

News

Bank of America Launches Massive Update to Its Mobile App

Bank of America has launched a massive update to its mobile app that integrates banking, investing, and retiring on one unified online platform.

Fintech & Ecommerce

Bank of America and Starbucks Roll Out Rewards Program

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.

News

Amex and Bank of America Face Rising Card Delinquencies

Last month, American Express and Bank of America recorded an increase in credit card delinquencies.

News

Bank of America CEO Says About Normalization of US Economy

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.

Society & Lifestyle

CFPB Fines Bank of America

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.

Finance & Economics

Bank of America CEO Believes in Optimistic Prospects for US Economy

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.

News

Bank of America Predicts Significant Economic Impact of AI

Bank of America predicts a significant economic effect as a result of the active use of artificial intelligence in various industries.

News

Analysts Predict Growth of IBM’s AI Consulting Business

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.

News

Bank of America CEO Expects Soft Landing for Economy

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.

News

Bank of America Reports Rise in Delinquency Rates

Bank of America has reported an increase in the number of customers of this financial institution who delay credit card payments.

News

Bank of America Expands SafeBalance

Bank of America announced the expansion of requirements for its SafeBalance settlement account plan.

Fintech & Ecommerce

Bank of America Announces Expansion to Its Customized Cash Rewards Credit Card

Bank of America (BoA) announced the expansion of the use scale of its Customized Cash Rewards credit card, which provides owners with additional benefits and opportunities when receiving cashback in several categories.

Finance & Economics

Bank of America Says About Importance of Transcontinental Transparency for Cross-Border Payments

Isabel Baransky, director of Global transactional services at Bank of America and head of automatic conversion products in transactional currency payments, said that the lack of transparency is the most characteristic feature of the current state of cross-border payments.

News

Bank of America CEO Says New Capital Requirements Must Ensure Level Playing Field

Brian Moynihan, CEO of Bank of America, expressed the opinion that the new capital requirements should form a space of equal conditions for all representatives of the US banking sector.