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.

Company cover image
BofA CEO: Americans Spending, Saving More
BofA CEO: Americans Spending, Saving More
February 16, 2022  |  Economy

American consumers are spending more money, but also saving more, the CEO of Bank of America said Wednesday (Feb. 16). Speaking to CNBC’s Jim Cramer,...

READ MORE >
Today in FinTech: Bank of America Invests in UK FinTech to Tackle Card Processing Fees
Today in FinTech: Bank of America Invests in UK FinTech to Tackle Card Processing Fees
February 14, 2022  |  Investments

In today’s FinTech news, banks and FinTechs are finding more ways to coexist and complement one another’s skills, with Bank of America investing $20 million...

READ MORE >
Bank of America Backs UK FinTech Banked to Deliver Pay by Bank Solution
Bank of America Backs UK FinTech Banked to Deliver Pay by Bank Solution
February 14, 2022  |  Payment Methods

FinTech Banked raised $20 million in a funding round led by Bank of America (BoA) to bring more customers the Pay by Bank solution offered...

READ MORE >
BoA: Roughly 3 Million Workers Use Its Corporate Employee Banking, Investing Program
BoA: Roughly 3 Million Workers Use Its Corporate Employee Banking, Investing Program
February 10, 2022  |  Banking

Over 200 of Bank of America’s corporate and commercial clients around the U.S. — totaling 3 million employees — have adopted its Corporate Employee Banking...

READ MORE >
Bank of America Consumer Payments Up 17% in January to $335B
Bank of America Consumer Payments Up 17% in January to $335B
February 07, 2022  |  Consumer Payments

Bank of America’s 67 million consumer clients made $335 billion in total payments in January, up 17% from January 2021 and the second-highest month of...

READ MORE >
Bank of America Says US CBDC ‘Inevitable’
Bank of America Says US CBDC ‘Inevitable’
January 24, 2022  |  CBDC

The Bank of America has said a digital currency for the U.S. is “inevitable,” and might occur sometime between 2025 to 2030, Bloomberg writes. Strategists...

READ MORE >
‘Record’ Digital Engagement Fuels BoA’s $32B 2021
‘Record’ Digital Engagement Fuels BoA’s $32B 2021
January 19, 2022  |  Earnings

“Record” levels of digital engagement, coupled with an improved economy and organic growth, allowed the Bank of America to end the year on a high...

READ MORE >
BoA Sees Solana Blockchain as ‘Visa of Digital Asset Ecosystem’
BoA Sees Solana Blockchain as ‘Visa of Digital Asset Ecosystem’
January 12, 2022  |  Blockchain

Bank of America believes the Solana blockchain could become the “Visa of the digital asset ecosystem” with its focus on ease of use, scalability and...

READ MORE >
BoA to End NSF Fees, Lower Overdraft Fee to $10
BoA to End NSF Fees, Lower Overdraft Fee to $10
January 11, 2022  |  Banking

Bank of America will be debuting significant changes to its overdraft services, which will include plans to do away with non-sufficient fund (NSF) fees as...

READ MORE >