Bank of America

432 results about this entity

Period: 13 Jul 2004 - 23 May 2025

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Major US banks consider joint stablecoin venture

/crypto

Major US banks consider joint stablecoin venture

US big banks, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo have held discussions on potentially launching a stablecoin that will improve transaction speeds whilst managing competition from encroaching crypto firms.

/security

QR sign-ins surge on BofA's CashPro platform

Every day, thousands of CFOs and treasurers use QR code technology to sign-in to CashPro, Bank of America’s digital banking platform accessed by more than 40,000 corporate and commercial clients around the world to manage their treasury, trade and credit operations and perform self-service requests.

/retail

BofA to open more financial centres

Bank of America will open more than 150 new financial centers across 60 markets by the end of 2027, including 40 this year and an additional 70 in 2026.

Smarter, faster, still relevant: Experts weigh future of US payment systems

/payments

Smarter, faster, still relevant: Experts weigh future of US payment systems

Nacha’s Smarter Faster Payments conference in New Orleans highlighted the growing momentum behind real-time payments, emphasising their transformative potential across commercial and technological verticals. Yet, amid this digital shift, sessions also acknowledged the enduring relevance of traditional rails like wire transfers, ACH, and even cheques - each facing its own modernisation challenges.

/people

Bank of America strengthens global payments solutions team

Bank of America has announced two strategic leadership appointments within its Global Payments Solutions business, reinforcing its commitment to expanding capabilities across key international markets.

Big banks join $63m funding round for Luma

/markets

Big banks join $63m funding round for Luma

Luma Financial Technologies, a platform for structured products and annuities, has raised $63 million in Series C financing led by Sixth Street Growth and joined by a host of existing Wall Street backers.

BofA staffers embrace AI virtual assistant

/ai

BofA staffers embrace AI virtual assistant

Bank of America says that over 90% of its 213,000 employees now use its AI-driven internal virtual assistant, cutting calls into the IT services desk by half.

Bakkt sees shares plunge as crypto firm loses major customers

/crypto

Bakkt sees shares plunge as crypto firm loses major customers

Shares in digital asset player Bakkt tumbled by more than a third on news that the firm has lost two major customers, Bank pf America and Webull.

BofA CEO says bank prepared to launch own stablecoin

/crypto

BofA CEO says bank prepared to launch own stablecoin

Bank of America will look to launch its own dollar-backed stablecoin if US lawmakers make it legal to do so, says CEO Brian Moynihan.

BNY sends largest instant payment in US history

/payments

BNY sends largest instant payment in US history

BNY has used The Clearing House's RTP Network to send the largest instant payment in US history, transferring $10 million to Bank of America on behalf of a client.

/regulation

OCC hits Bank of America with cease and desist order over sanctions screening violations

The Office of the Comptroller of the Currency (OCC) today issued a cease-and-desist order (order) against Bank of America, N.A. (bank) for deficiencies related to its Bank Secrecy Act (BSA) and sanctions compliance programs.

US banks leave Net-Zero Banking Alliance

/sustainable

US banks leave Net-Zero Banking Alliance

As Donald Trump returns to the White House, JPMorgan Chase has followed a host of other US banks in quitting the Net-Zero Banking Alliance.

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