BofA’s CashPro App Reaches $1 Trillion Milestone
Bank of America announced that by the end of the current year, corporate clients of this financial institution will have made more than $1 trillion in approvals for payments through the CashPro App.
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Bank of America Allows Companies to Lock in FX Rates
Bank of America began to allow companies to lock in foreign exchange (FX) rates for up to one year.
BofA CEO Says About Impact of Interest Rates on Consumers
Chief executive officer of Bank of America Brian Moynihan said last Sunday, August 11, during a conversation with media representatives that in the United States, the lack of a decision by the Federal Reserve System to soften the concept of monetary policy, providing for cutting interest rates, in the short term may become a factor […]
BofA Says Cooling Economy to Crack Big Tech Rally Even More
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 Adds Transaction Search Engine to CashPro Platform
Bank of America has implemented a transaction search engine in its CashPro banking platform.
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.
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.
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.
Amex and Bank of America Face Rising Card Delinquencies
Last month, American Express and Bank of America recorded an increase in credit card delinquencies.
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.
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.
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.
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.
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.
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.
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