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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Diversifying Supply Chains Drives Demand for B2B Payments Choice
Diversifying Supply Chains Drives Demand for B2B Payments Choice
November 13, 2023  |  B2B Payments

In this environment of “higher for longer” interest rates, chief financial officers recognize the need to prioritize payments innovation. As Bank of America Head of...

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Bank of America CEO Predicts Soft Landing for US Economy
Bank of America CEO Predicts Soft Landing for US Economy
November 08, 2023  |  Economy

Bank of America CEO Brian Moynihan is reportedly optimistic about the U.S. economy and the bank’s growth prospects. Speaking Wednesday (Nov. 8) at the Reuters NEXT conference, Moynihan said he...

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The Clearing House Says Processing Error Impacted Less Than 1% of Daily ACH 
The Clearing House Says Processing Error Impacted Less Than 1% of Daily ACH 
November 03, 2023  |  Banking

The Clearing House has reportedly said that it is not aware of any ongoing issues after a narrow processing error that affected deposits and transfers at...

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Businesses Want Cheaper Payments and Faster Receivables, Says Bank of America
Businesses Want Cheaper Payments and Faster Receivables, Says Bank of America
November 01, 2023  |  Digital Payments

The only constant is change, and the only necessity is adapting to it. This adage is particularly true within the global digital payment collection and...

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Earnings Season Shows Card Delinquencies ‘Normalizing,’ but What Comes Next?
Earnings Season Shows Card Delinquencies ‘Normalizing,’ but What Comes Next?
October 27, 2023  |  Earnings

In the parlance of these times, and as earnings season commentary has pointed out, time and again: Consumer credit is normalizing. The question remains, however,...

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Report: Twitter Debt Could Come Back to Bite Banks
Report: Twitter Debt Could Come Back to Bite Banks
October 25, 2023  |  Debt

It’s been nearly a year since seven banking giants helped Elon Musk buy Twitter. Now, those lenders are dealing with the impact of that decision on...

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Truist: 60% of Transactions Are Now Digital
Truist: 60% of Transactions Are Now Digital
October 19, 2023  |  Earnings

Truist says it is seeing a jump in digital engagement as it continues its cost-cutting measures. Speaking during an earnings call Thursday (Oct. 19) CEO Bill Rogers said the regional...

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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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Consumers Face ‘Funflation’ as Live Event Prices Surge
Consumers Face ‘Funflation’ as Live Event Prices Surge
October 17, 2023  |  Economy

For many Americans, having fun has apparently become a source of financial stress. As The Wall Street Journal (WSJ) reported Tuesday (Oct. 17), ticket prices for concerts,...

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