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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Big Banks to Launch Apple Pay Competitor in 2023 H2
Big Banks to Launch Apple Pay Competitor in 2023 H2
January 23, 2023  |  Banking

America’s biggest banks are reportedly launching a digital wallet to take on Apple and PayPal. The banks are developing a product that will let consumers...

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Big Bank Earnings Spotlight Unstoppable Digital Shift
Big Bank Earnings Spotlight Unstoppable Digital Shift
January 18, 2023  |  Digital-First Banking

Big banks’ earnings have shown the great financial services digital shift continues. J.P. Morgan, Bank of America, Citi and Wells last week provided variations on...

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BofA Reportedly Pauses Hiring Ahead of Recession
BofA Reportedly Pauses Hiring Ahead of Recession
January 18, 2023  |  Economy

Bank of America is reportedly freezing most hiring as it prepares for a possible recession. That’s according to a report Wednesday (Jan. 18) by Bloomberg...

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Blockchain Missing Use Case at Scale Bank of America CEO Says
Blockchain Missing Use Case at Scale Bank of America CEO Says
January 17, 2023  |  Digital-First Banking

Bank of America CEO Brian Moynihan claims the company has “hundreds” of blockchain patents.  The issue in deploying the technology behind those patents? The all-important fact is...

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Cake Ventures Launches $17M Fund Focused on Demographic Change
Cake Ventures Launches $17M Fund Focused on Demographic Change
January 13, 2023  |  Investments

Cake Ventures has announced a $17 million seed and pre-seed fund focused on demographic change. The venture capital firm aims to invest in founders building companies...

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Bank of America’s Digital Sales up 22% as Mobile Users Surge
Bank of America’s Digital Sales up 22% as Mobile Users Surge
January 13, 2023  |  Earnings

For Bank of America, the great digital shift is very much in evidence. The company’s latest quarterly results showed that digital “sales” made through the...

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The Best Reading on Consumer Spending and Sentiment Will Come out Tomorrow
The Best Reading on Consumer Spending and Sentiment Will Come out Tomorrow
January 12, 2023  |  Banking

Starting tomorrow, Wall Street will focus on how banks view inflation, the stock market and bond trading. But as earnings kick off on Friday (Jan....

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The Clearing House Names Swift’s David Watson as CEO
The Clearing House Names Swift’s David Watson as CEO
January 03, 2023  |  Personnel

The Clearing House (TCH) has a new president and CEO. The payments network announced Tuesday (Jan. 3) that David Watson would take up that position...

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Merchants Face Steep Prep Ahead of New Credit Card Routing Rules
Merchants Face Steep Prep Ahead of New Credit Card Routing Rules
December 22, 2022  |  Credit Cards

Deadlines loom in the United States as credit network exclusivity is set to end next year. Monica Kennedy, senior vice president and head of merchant...

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