Tag: Bank of America

Activity, Investment banking

Top U.S. Banks Are Investing Most in Personal Finance Fintechs

February 13, 2018

Via: Bank Innovation

For all buzz around cryptocurrency and blockchain technology, surprisingly, the top U.S. banks have not been investing as much in these areas as much as one might have thought. The top areas of interest for the major U.S. banks when […]

Business banking, Products

PayPal: Good News (BofA Merrill Lynch Partnership), Bad News (Bye Bye EBay)

February 2, 2018

Via: Bank Innovation

Good news and bad news for PayPal. Good news: Bank of America Merrill Lynch announced a partnership with the payments platform that enables BofA’s U.S.-based commercial clients to make payments in international payments in local currencies to payees with PayPal […]

Capital and risk, Macroeconomic

Tax cuts makes US more attractive to overseas companies, Bank of America CEO says

January 23, 2018


The tax overhaul has made the United States a more attractive business destination to overseas companies, Bank of America CEO Brian Moynihan said Tuesday. “What I don’t think people see that I’ve seen so far is not only the U.S. […]

Capital and risk, Operational

Bank of America Merrill Lynch Announces New Virtual Payables Feature

January 23, 2018

Via: Bank Innovation

EXCLUSIVE – Bank of America Merrill Lynch has added a new feature to its Virtual Payables product, an offering which allows its commercial clients to automate post-invoice payments. The new feature (or Enhanced Virtual Payables Solution) was announced yesterday, although […]

Business banking, Products

Bank of America Has More Blockchain Patents than IBM

January 17, 2018

Via: Bank Innovation

Bank of America has more blockchain-related patents than any other firm in the U.S., according to a new report by New York-based law firm EnvisionIP. According to the report, Bank of America has 43 patents while Mastercard and IBM had […]

Activity, Corporate banking, Investment banking

US bank gains from the new tax law will start with a lot of red ink

January 8, 2018


U.S. bank executives and investors expect a long-term boost from the new federal tax code, but the biggest lenders will first need to book multi-billion-dollar charges that will muddle fourth-quarter results. Banks will adjust deferred tax assets and liabilities to […]

Activity, Trading

Cisco shares hit highest level in almost 17 years after Bank of America upgrade

January 5, 2018


Cisco Systems rose more than 1 percent to its highest level in nearly 17 years on Friday, after an analyst at Bank of America Merrill Lynch upgraded the stock. Analyst Tal Liani upgraded shares of Cisco to buy from neutral […]

Activity, Trading

Bull Market Heading for Major Correction in 2018, Bank of America Says

December 6, 2017

Via: TheStreet

Bank of America Corp. (BAC) says signs are growing that the eight-year-old bull market in stocks and risky assets could soon come to an end. And, as with all late-stage bull markets, the trick for investors is in getting the […]

Activity, Capital and risk, Corporate banking, Credit

JPMorgan Agents $273MM Facility for Progress Software

November 28, 2017

Via: ABF Journal

Progress Software amended its credit agreement to include a $123.7 million senior secured term loan and a $150 million revolving credit facility. According to a related 8-K filing, JPMorgan Chase Bank served as administrative agent, sole bookrunner and sole lead […]

Capital and risk, Credit

BofA Extends U.S. Physical Therapy $125MM Credit Line

November 13, 2017

Via: ABF Journal

Houston-based U.S. Physical Therapy, a national operator of outpatient physical therapy clinics, has renewed its bank credit facility, extending the maturity date from November 2018 to November 2021. Funds from the credit agreement may be used for working capital, acquisitions […]