Latest Bank of America News: Finextra Research

Bank of America and Wells Fargo offer $80,000 for arrest of ATM thieves

Bank of America and Wells Fargo are offering a combined $80,000 reward for information leading to the arrest and conviction of thieves who stole ATM units in Arizona.

09 January 2007

/retail

Visa launches mobile payments platform

Visa has formally launched its mobile payments platform which has been designed to enable credit card issuers and mobile phone operators to develop and trial services that will allow cardholders to pay for purchases using their hand sets.

08 January 2007

/regulation

Electronic equity options trading set to grow - Bank of America

Bank of America is forecasting dramatic growth in automated equity options trading in the year ahead.

20 December 2006

/regulation

Banc of America Securities introduces 'Departure Price' algorithm

Banc of America Securities (BAS) has launched an algorithmic trading programme designed to execute client orders at an average closing price as near as possible to a pre-determined timeframe.

12 December 2006

/retail

Lloyds TSB introduces electronic small change savings scheme

UK bank Lloyds TSB is launching a new savings scheme that automatically rounds-up customer spending on debit cards to the nearest pound and routes the extra cash into a savings account.

05 December 2006

/wholesale

Nasdaq raises funds for LSE bid

US market operator Nasdaq has secured around $5.1 billion in debt financing and $775 million of equity financing to help secure its potential purchase of the London Stock Exchange (LSE).

28 November 2006

/retail

Bank of America suffers downtime blues

Bank of America suffered the most online downtime among leading US banks recently, according to data gathered by Swedish Web monitoring firm Pingdom.

14 November 2006

/retail

Bank of America begins contactless m-payments trial

Bank of America is conducting trials of contactless mobile payments technology as an alternative to low-value cash payments.

03 November 2006

/retail

Bank of America tops ID fraud protection poll

Bank of America has come out top in a study conducted by Javelin Strategy & Research that examines how well US financial services firms prevent, detect and resolve consumer identity theft.

27 September 2006

/regulation

Bank of America pilots FX dealing algorithm

Bank of America is expanding its automated trading capabilities with the launch of its first algorithm for foreign exchange dealing.

25 September 2006

/regulation

JPMorgan launches 'dark book' algorithms

JPMorgan Chase has launched Aqua and Arid, two institutional trading algorithms that have been designed to stealthily trade stocks on dark books - trading networks that do not publish quotes in the open market - as well as on exchanges and ECNs.

08 September 2006

/retail

Bank of America hires Donna Bucella to head business continuity

Bank of America has appointed FBI official Donna Bucella to the position of business continuity executive.

17 August 2006

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