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 CEO Says All PPP Applications Should Be Funded
BoA CEO Says All PPP Applications Should Be Funded
April 26, 2020  |  Loans

As the Paycheck Prevention Program (PPP) reopens on Monday (April 27) with $310 billion, Bank of America (BoA) chief executive officer (CEO) Brian Moynihan said...

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KeyBank On Digitizing In-Person Services With Data Analytics
KeyBank On Digitizing In-Person Services With Data Analytics
April 22, 2020  |  Digital-First Banking

The ongoing COVID-19 pandemic has put a damper on in-branch banking as banks scramble to find ways to continue their business during this crisis. Customers...

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Lawsuits Allege Banks Played Favorites With PPP Loans
Lawsuits Allege Banks Played Favorites With PPP Loans
April 20, 2020  |  Legal

Separate class-action lawsuits were filed against Wells Fargo, Frost Bank, JPMorgan Chase, US Bancorp and Bank of America, alleging that the financial institutions (FIs) unlawfully...

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Banks’ $25B Loan Reserves Show Grim Expectations For Economic Road Ahead
Banks’ $25B Loan Reserves Show Grim Expectations For Economic Road Ahead
April 16, 2020  |  Economy

Against a backdrop where Labor Department data showed 5.2 million additional Americans filed for unemployment, it may make sense that banks’ outlooks for the future...

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BofA: Slumping Card Volume, Surging PPP Applications And A Gloomy Future Forecast
BofA: Slumping Card Volume, Surging PPP Applications And A Gloomy Future Forecast
April 16, 2020  |  Earnings

Given the full-scale shutdown in the U.S. and across the world, one might have expected that quarterly earnings season would be a less than sunny...

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Judge Lets Bank Of America Favor SMB Clients With PPP Loans
Judge Lets Bank Of America Favor SMB Clients With PPP Loans
April 15, 2020  |  B2B Payments

A federal judge has ruled that Bank of America (BoA) can prioritize its own customers in distributing loans for the $349 billion Paycheck Protection Program...

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Banking On A Rough Earnings Season For Banks
Banking On A Rough Earnings Season For Banks
April 13, 2020  |  Banking

Three months seems a lifetime ago, pre-coronavirus pandemic, pre-recession, pre-lockdown, pre-bailouts. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Healthcare Payments AI, Subscription Churn, Turbo Tax Tool For Stimulus Payments Top This Week’s News
Healthcare Payments AI, Subscription Churn, Turbo Tax Tool For Stimulus Payments Top This Week’s News
April 10, 2020  |  News

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and...

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FinTechs Help Banks Ease The PPP Lending Pain
FinTechs Help Banks Ease The PPP Lending Pain
April 08, 2020  |  B2B Payments

Small businesses overwhelmed U.S. financial institutions as they scrambled to apply for Paycheck Protection Program (PPP) loans under the Coronavirus Aid, Relief, and Economic Security...

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