Top

Tag: Bank of America


Activity, Investment Banking

Bank of America Tops Q4 Earnings Forecast With Solid Loan Growth

January 15, 2020

Via: TheStreet

Bank of America (BAC) – Get Report posted better-than-expected fourth-quarter earnings Wednesday as loan growth offset narrowing interest rate margins at the consumer-focused lender. Shares in the group opened weaker, however, after it cautioned that net interest income would likely […]


Products, Retail Banking

Bank of the West to launch account for eco-friendly customers

December 23, 2019

Via: Bank Innovation

Bank of the West is currying favor with customers who care about environmental sustainability. The bank, which is a U.S. subsidiary of BNP Paribas, is launching a new checking account in early 2020 called 1% for the Planet that will […]


Activity, Corporate Banking

JPMorgan Upsizes BRP Group Revolver to $225MM

December 20, 2019

Via: ABF Journal

BRP Group’s subsidiary Baldwin Risk Partners has amended its senior revolving credit facility, increasing its capacity to $225 million, up $100 million from its previous amount of $125 million. BRP also has the ability, subject to approval, to utilize an […]


Products, Retail Banking

Bank of America to install electric car charging stations at select branches

December 18, 2019

Via: Finextra

This marks the first time Electrify America will install EV charging stations at a bank location, further adding convenient options for consumers who drive battery electric vehicles. “As we continue to offer more convenient places to build new charging stations, […]


Activity, Corporate Banking

JPMorgan, BofA, Citizens Upsize Kaman Facility to $800MM

December 16, 2019

Via: ABF Journal

Kaman has closed on an amended $800 million credit facility. JPMorgan Chase Bank, Bank of America Securities and Citizens Bank served as joint bookrunners and joint lead arrangers. The new credit facility amends the company’s prior credit facility to, among […]


Activity, Trading

Value stocks have ‘never been this cheap,’ Bank of America says

November 8, 2019

Via: CNBC

Value stocks, those with stable fundamentals and subpar valuations, haven’t been this cheap since the financial crisis, according to Bank of America. Cheap equities enjoyed a resurgence in September from a decade of underperformance as investors bet on economically sensitive, […]


Activity, Corporate Banking

BofA Agents $2.5B Revolver for Equity Residential

November 5, 2019

Via: ABF Journal

Equity Residential entered into a $2.5 billion multi-currency revolving credit facility, replacing its existing $2 billion credit agreement. The new facility matures on November 1, 2024, and can be extended or increased, subject to lender consent and customary conditions. The […]


Channels, Products, Retail Banking

Bank of America unveils new mobile banking app with loan applications built in

October 29, 2019

Via: Banking Technology

The facelift means customers can submit applications for a credit cards, auto loans and home loans through the app, as well as giving them access to credit card debt reduction insights, which will be available from next year, and them […]


Products, Retail Banking

Bank of America unveils redesigned mobile app

October 25, 2019

Via: Finextra

The sleek, modern design makes it even easier to navigate all of Bank of America’s robust mobile banking features. The latest version of the app also includes enhancements to Erica®, the bank’s AI-driven virtual financial assistant, designed to help clients […]


Channels

Bank of America upgrades CashPro

October 21, 2019

Via: Finextra

Today, the bank is introducing a series of new capabilities that increase efficiency, transparency and mobility for business customers. These updates are making business easier for the bank’s clients: Digitized KYC (Know-Your-Customer) Refresh. One of the biggest pain points for […]