BofA

Washington Federal Bank to Sell 2,000 Commercial Real Estate Loans to Bank of America
Washington Federal Bank to Sell 2,000 Commercial Real Estate Loans to Bank of America
May 17, 2024  |  Banking

Washington Federal Bank, a wholly owned subsidiary of WaFd, has disclosed its agreement to sell some commercial multi-family real estate loans to Bank of America for about...

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Bank of America: 1Q Zelle Volumes Surge 26% to $106 Billion
Bank of America: 1Q Zelle Volumes Surge 26% to $106 Billion
April 16, 2024  |  Earnings

Bank of America’s first quarter results took note of continued use of digital channels in banking — and for payments, too. The bank recorded 3.4...

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Bank of America Consolidates Banking, Investing, Retiring Into One App
Bank of America Consolidates Banking, Investing, Retiring Into One App
March 21, 2024  |  Digital Banking

Bank of America has launched a “massive update” to its mobile banking app, combining banking, investing and retiring into one unified app.  This new, unified digital...

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Bank of America Says Zelle Transactions Climb 27% Year Over Year
Bank of America Says Zelle Transactions Climb 27% Year Over Year
October 17, 2023  |  Banking

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...

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BofA Reports Rise in Credit Card Charge-Off and Delinquency Rates
BofA Reports Rise in Credit Card Charge-Off and Delinquency Rates
September 15, 2023  |  Banking

Bank of America is seeing more of its customers falling behind on their credit card payments.  Both the net charge-off rate and the delinquency rate of...

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Bank of America: Europe’s IPO Market Will Recover Gradually
Bank of America: Europe’s IPO Market Will Recover Gradually
July 20, 2023  |  IPO

Anyone expecting a dramatic restoration of Europe’s IPO market might have to wait. That’s according to bankers at Bank of America (BofA), who told Bloomberg News in...

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BofA: Crypto Sentiment ‘Remains Poor’ Following SEC Actions
BofA: Crypto Sentiment ‘Remains Poor’ Following SEC Actions
June 19, 2023  |  Cryptocurrency

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...

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BofA Offers ‘Breakthrough’ to Underrepresented Startups
BofA Offers ‘Breakthrough’ to Underrepresented Startups
May 16, 2023  |  Startups

Bank of America (BofA) has launched an accelerator program to support entrepreneurs from underrepresented communities. The banking giant’s Breakthrough Lab, announced Tuesday (May 16), is...

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The One Thing: Integration and the Future of Financial Services
The One Thing: Integration and the Future of Financial Services
October 20, 2022  |  Connected Economy

The connected economy runs on a mostly invisible ocean of technologies to deliver new experiences, and it all relies on one foundational concept: integration. That’s...

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