Bank of America - Announcements, Interviews & News Stories

Bank of America receives Fed approval for MBNA merger

Bank of America Corporation today received approval from the Board of Governors of the Federal Reserve System of its application to merge with MBNA Corporation. The merger is expected to close on Jan. 1, 2006.

16 December 2005

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Bank of America cuts online trading fees

Banc of America Investment Services, Inc. (BAI), Bank of America's primary retail brokerage affiliate, today announced that effective immediately, it is establishing a new pricing structure for online equity trades that will allow self-directed brokerage customers to benefit from banking relationships they may have with Bank of America.

01 December 2005

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Bank of America extends Teradata technology to new business analysis

Teradata, a division of NCR Corporation (NYSE:NCR), announced that Bank of America (NYSE:BAC) will expand the use of its Teradata data warehouse in order to address new business initiatives requiring analysis of enterprise information.

07 October 2005

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Bank of America renews Vital contract

Vital Processing Services (Vital), a leader in merchant and acquirer transaction processing solutions, announced today that it has renewed its merchant processing service agreement with Bank of America N.A.

06 October 2005

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Bank of America drops Mexico wire transfer fees

Bank of America today announced its free nationwide remittance service that is making it easier for millions of Hispanics to send money to Mexico by eliminating transfer fees.

29 September 2005

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Merchants file anti-trust lawsuit against Visa, MasterCard and major US banks

Four major merchant associations filed an antitrust, class-action lawsuit alleging that Visa, MasterCard, Bank of America, Citibank, Bank One, Chase Manhattan Bank, J.P. Morgan, Chase, Fleet Bank, Capital One, and other banks are engaging in collusive practices by setting credit card interchange fees at supracompetitive levels.

27 September 2005

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BofA extends remote deposit to Honduras; pilots image cash letter service

Bank of America Global Treasury Services (GTS) unit today announced that its global Remote Deposit Service has expanded capabilities into Honduras, the ninth country to be on-line with the service.

05 September 2005

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Bank of America appoints John Byrne anti-money laundering strategy executive

Bank of America announced today the appointment of John Byrne to the position of Anti-Money Laundering Strategy Executive in the bank's Compliance Risk Management Division.

26 August 2005

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Former Bank of America and Visa executives join LifeLock board

In a move that signals the need for a viable solution to protect against identity theft, Luke Helms, former vice chairman of Bank of America and Inder P. Singh, former executive vice president and chief global technology officer for Visa International, have joined the executive and advisory boards of LifeLock, the nation's first provider of preventative identity theft protection services.

30 June 2005

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Bank of America to acquire MBNA for $35bn

Bank of America Corporation today announced a definitive agreement to acquire MBNA Corporation. The acquisition combines the country's largest domestic bank with a leading provider of credit card and payment products, significantly enhancing Bank of America’s product mix and customer reach.

30 June 2005

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Bank of America launches image lockbox service for healthcare providers

As part of its focus on creating innovative solutions for the healthcare market, today at the Healthcare Financial Management Association's (HFMA) 2005 Annual National Institute, Bank of America announces that it has entered into an agreement with HealthLogic Systems Corporation (HLSC) to deliver a new service for healthcare providers.

28 June 2005

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US merchants file suit against Visa, Mastercard and banks over fee fixing

Robins, Kaplan, Miller & Ciresi L.L.P. has filed an antitrust class action lawsuit in the U.S. District Court for the District of Connecticut against Visa, MasterCard, Bank of America, Citibank, Bank One, Chase Manhattan Bank, JPMorgan Chase, Fleet Bank, Capital One and other major banks on behalf of merchants alleging collusive practices of their setting, by horizontal agreement, credit card interchange fees at supra-competitive levels. The Complaint seeks injunctive relief to stop the alleged anticompetitive practices plus damages.

23 June 2005

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