Three bank trade associations recommended phasing out paper checks to reduce government payment fraud in a joint statement ...

Now more than ever, businesses globally have become increasingly susceptible to financial fraud. From the growing threat of ...

The Federal Reserve's proposed modifications to the SCB calculation could further enhance Bank of America's position. If ...

The Bureau of Labor Statistics releases the June jobs report on Thursday. The report will serve as a key indicator as to whether the Federal Reserve Board will cut interest rates at its meeting later ...

The same affirmation was given to Bank of America, N.A.’s (BANA) Long- and Short-Term IDRs, which were upheld at ’AA’ and ’F1+’, respectively. The ratings agency maintained the stable ...

The bank will debut 40 financial centers this year and 70 next year, Bank of America said. Bank of America will open more than 150 financial centers in 60 U.S. markets by the end of 2027.

Bank of America saw more than 14 billion log-ins in 2024, while interaction with its virtual financial assistant Erica surpassed 2.7 billion, Moynihan said. The bank launched Erica in 2018.

He noted Bank of America maintained about 3,700 branches across the U.S., recognizing that customers still value face-to-face interactions for complex financial matters.

Bank of America Chairman and CEO Brian Moynihan, inset, is optimistic about the economic environment under a second Trump administration. (FOX Business/Getty Images / FOXBusiness) ...

According to Benzinga Pro, Bank of America projects quarterly revenue of $25.09 billion, compared to $21.96 billion a year earlier. On Jan.7, BofA named Matt Reilly as President of New Hampshire.