- October 17, 2023
Bank of America’s earnings showed a continued surge in P2P volumes, as Zelle transactions climbed double digits, measured year over year.
As noted in presentation materials released Tuesday (Oct. 17), the bank ...
- August 22, 2023
Bank of America (BoA) has announced an expansion to its Customized Cash Rewards credit card, providing cardholders with more benefits and opportunities to earn cash back across several categories.
One of ...
- June 19, 2023
Recent regulatory action against the cryptocurrency sector continues to pressure token prices.
That’s according to recent research by Bank of America, which — as CoinDesk reported Monday (June 19) — finds ...
- April 27, 2021
On the surface, it appeared as a typical acquisition. A bank, Bank Of America, acquires a healthcare payments platform, Axia Technologies, to strengthen its patient/provider payments capabilities. Under the surface, ...
- March 20, 2020
Bank of America (BoA) customers impacted by the coronavirus can request mortgage, credit card and other loan deferments, the company announced on Thursday (March 19).
The bank is providing relief to ...
- March 19, 2020
Bank of America (BoA) said it’s clear America has entered a recession caused by the coronavirus and its effect on the nationwide economy, according to a report by CNBC.
BoA Chief ...
- January 30, 2019
Bank of America is giving free trades to its most loyal members, according to a report by Bloomberg.
The bank will expand the eligibility for free trades on stocks and exchange-traded ...
- June 12, 2018
For banks, beyond the vagaries of interest rates, income depends in part on managing costs. Manage them well, and margins get a boost. The converse is also true, of course, as inefficiencies ...
- June 8, 2018
Goldman Sachs Group Inc., Morgan Stanley and Credit Suisse Group AG have all been left on the sidelines of the banking industry’s new power lobbying group. Though all three firms ...
- September 27, 2017
Bank of America Merchant Services laid off about 10 percent of its staffers last week, with sources saying that the cuts are the result of restructuring.
The Wall Street Journal reported ...
- September 11, 2017
Corporate treasuries are continuing to take advantage of low interest rates, leading to a surge in sales of high-grade U.S. corporate bonds, according to reports in the Financial Times.
The publication said Friday ...
- September 7, 2017
Bank of America (BOA) announced Wednesday (Sept. 6) it had launched a series of updates to its mobile app to provide more customization to its customers. In a press release, the ...
- August 23, 2017
Being connected via modern technology is something that’s becoming an expectation among consumers. From groceries to home buying, back-to-school shopping and more, there doesn’t seem to be many facets of ...
- July 21, 2017
Bank of America (BoA) is expanding its mobile service for small- and medium-sized (SME) customers.
An announcement by the financial institution (FI) this week said it now enables small businesses to ...
- June 16, 2017
The credit card companies are out with data on May credit card charge-offs, which shows a mixed bag among the different players in the industry.
Take Capital One, the credit card ...
- May 31, 2017
Bank of America announced Tuesday (May 30)that it bas launched new capabilities for mobile clients to complete the auto financing process with the company.
In a press release, the bank said clients can ...
- April 21, 2017
Things are looking far different for Bank of America compared to a few years back.
And while the prospect of more interest rate hikes and a recent decline in treasury yields ...
- March 31, 2017
Bank of America is gearing up to invest $1.5 million in a Charlotte, North Carolina, initiative to build a FinTech hub in the city.
According to a report, Bank of America ...
- March 31, 2017
Elevate, the subprime lender based in the U.S., is considering launching an initial public offering (IPO) again thanks to the rally in financial stocks since President Donald Trump won the ...
- February 13, 2017
Valentine’s Day is tomorrow, meaning the prepared have already made their dinner reservations and the unprepared will be making a rather frantic stop at a jewelry store and florist at ...
- February 8, 2017
For those who would prefer that their dealings with the outside world involve as little human interaction as possible, Bank of America has just opened some branch locations that should ...
- December 1, 2016
For banks, the payoff for payments may be a long time coming.
Reuters reported that, as noted by Bank of America CEO Brian Moynihan, it will take more than a decade ...
- January 4, 2016
The big banks, until very recently, seemed largely allergic to SMB lending. In the wake of the financial meltdown and increased regulations, underwriting a big loan to a big player and ...
- February 24, 2015
That banks are under constant threat of cyberattack is well known – just last week PYMNTS reported on an international bank hack that robbed 100 banks worldwide of an estimated ...
- January 5, 2015
In the wake of the nearly 800 breaches that marked the year 2014, it is no surprise that the U.S. is moving full speed ahead toward converting all cards from ...
