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Tag: Bank of America


Activity, Trading

Bank of America earnings top Wall Street estimates, shares rise

October 13, 2017

Via: CNBC

Bank of America reported third-quarter results on Friday that beat Wall Street expectations despite a slowdown in its fixed-income trading business. Here’s how the company’s results fared against Wall Street expectations: EPS: 48 cents vs 45 cents forecast by Thomson […]


Activity, Trading

Banks Stocks Higher as September Jobs Report Misses Expectations

October 6, 2017

Via: TheStreet

Bank stocks moved broadly higher in premarket trading Friday, Oct. 6, after September’s jobs report whiffed on expectations and contracted for the first time in seven years. Shares of JPMorgan Chase & Co. (JPM – Get Report) gained 0.48% to […]


Capital and risk, Credit

JPMorgan, BofA Agent MRC Global Total $1.2B Financing

September 27, 2017

Via: ABF Journal

MRC Global closed a new $400 million seven-year senior secured term loan B and an amendment and extension of its global senior secured ABL facility, with a new size in the amount of $800 million. JPMorgan Chase was administrative agent […]


Channels, Products, Retail banking

Bank of America’s New Mobile App Unveils Cardless ATM Withdrawals and PFM Tool

September 7, 2017

Via: Bank Innovation

EXCLUSIVE – Bank of America’s mobile app got a makeover today with a set of new features including a cardless ATM option. On Wednesday, the bank announced a slew of new features in an effort to enhance the banking experience […]


Activity, Investment banking

Billionaire Warren Buffett Now Owns 700,000,000 Shares of Bank of America

August 30, 2017

Via: TheStreet

Billionaire Warren Buffett’s Berkshire Hathaway ( BRK.A) ( BRK.B) on Tuesday exercised its right to acquire 700 million shares of Bank of America Corp ( BAC) , effectively becoming the bank’s top shareholder, Reuters reports. The purchase more than triples […]


Channels

Bank of America Brings AI to Account Receivables

August 23, 2017

Via: Bank Innovation

Artificial intelligence is making its way into the messy world of account receivables for those corporates processing large volumes of payments, thanks to Bank of America Merrill Lynch and fintech startup, High Radius. The “Intelligent Receivables” solution is designed to […]


Channels

Samsung, Bank of America Start Work on Iris Authentication for Mobile

August 17, 2017

Via: Bank Innovation

Mobile and electronics company, Samsung and Bank of America will start working with a focus group over the next six months, as they pilot the iris authentication scan that will allow customers to log into their bank accounts on their mobiles by […]


Business banking, Products

Bank of America launches unified platform for managing mobile wallets in China

August 9, 2017

Via: Finextra

Bank of America Merrill Lynch (BofA Merrill), a leader in global transaction services, has launched a payments collection service supporting mobile and card payments through China UnionPay Merchant Services Company. BofA Merrill is the first non-Chinese bank to offer this […]


Regulations

Bank of America Chooses Dublin as Post-‘Brexit’ European Hub

July 21, 2017

Via: The New York Times

Bank of America said on Friday that it had chosen Dublin as its future European Union hub, the latest major financial services firm to outline its plans to deal with Britain’s departure from the 28-nation bloc. Many banks and financial firms […]


Business banking, Products

Bank of America brings business loans to the mobile

July 19, 2017

Via: Finextra

Bank of America today announced enhancements to its mobile app experience that add on-the-go convenience to small business banking and lending. With the suite of updates, Bank of America small business clients can now apply for a Business Advantage Term […]