Bank of America

Bank of America, we have a clear purpose to help make financial lives better through the power of every connection. We fulfill this purpose through our commitment to responsible growth, which includes a focus on environmental, social and governance (ESG) leadership. Integrated across our eight lines of business — our ESG focus reflects our values, ensures we are holding ourselves accountable, presents tremendous business opportunity, and allows us to create shared success with our clients and communities.

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BoA: Replacing Chinese Suppliers Comes With $1T Price Tag
BoA: Replacing Chinese Suppliers Comes With $1T Price Tag
August 18, 2020  |  International

U.S. and European companies will have to spend as much as $1 trillion to replace Chinese suppliers, but the expense will be worth it, according...

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Luxury Market Heads For Recovery
Luxury Market Heads For Recovery
August 14, 2020  |  Retail

The luxury goods and apparel business looks to be poised for a comeback, driven in part by the consumer shift to Digital 3.0. The evidence...

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BoA Expands Mobile Wallets To EMEA, APAC Corporate Clients
BoA Expands Mobile Wallets To EMEA, APAC Corporate Clients
July 29, 2020  |  B2B Payments

Bank of America (BoA) has expanded its mobile wallet use to include corporate customers in the Europe, Middle East and Africa (EMEA) and Asia Pacific...

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Berkshire Hathaway Buys 11.3 Pct Of Bank Of America Shares
Berkshire Hathaway Buys 11.3 Pct Of Bank Of America Shares
July 23, 2020  |  Investments

Berkshire Hathaway, the Warren Buffett-helmed conglomerate that owns Geico, upped its stake in Bank of America (BoA) by over $800 million, in what the Financial...

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Today In Payments: EU Ruling Limits Personal Data Transfer To US; Airbnb Revives Plan To Go Public
Today In Payments: EU Ruling Limits Personal Data Transfer To US; Airbnb Revives Plan To...
July 16, 2020  |  News

In today’s top news, EU’s top court will limit companies’ ability to transfer personal data to the U.S., and Airbnb said it will revive its...

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BoA Adds $4B To Reserves Even As COVID Boosts Mobile, Digital Users
BoA Adds $4B To Reserves Even As COVID Boosts Mobile, Digital Users
July 16, 2020  |  Earnings

Bank of America reported Thursday (July 16) that that the number of customers using the firm’s mobile and digital platforms grew during the second quarter...

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How FIs Are Answering The Call Of AP Modernization Movement
How FIs Are Answering The Call Of AP Modernization Movement
June 22, 2020  |  Next-Gen AP Automation

Businesses relying on paper-based AP methods could be losing out on thousands if not millions of dollars, Bank of America’s Brad Garfield says. In this...

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US Banks Saw $2T Increase In Deposits During Pandemic
US Banks Saw $2T Increase In Deposits During Pandemic
June 22, 2020  |  Banking

A record $2 trillion has been deposited into U.S. bank accounts since the coronavirus first hit the U.S. in January, according to a report by...

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New Report: Why Bank of America Says AP Automation Is About Making, Not Breaking The Budget
New Report: Why Bank of America Says AP Automation Is About Making, Not Breaking The...
June 19, 2020  |  Next-Gen AP Automation

Businesses that have stuck with paper-based accounts payable (AP) processes are feeling the heat as the COVID-19 pandemic makes it unsafe for staff to conduct...

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