Bank of America is the second big bank, following JPMorgan Chase, to announce a big expansion of branches; the bank plans to open more than 500 branches over the next 4 years and hire over 5,400 people; they also said they will redesign more than 1,500 branches with new technologies and layouts; the focus of the plan is to establish more branches in mid sized markets that are typically dominated by regional banks. Source.
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Initial coin offerings (ICOs) raised $550 million in June, surpassing the angel and early stage venture capital fundraising for internet businesses globally; several factors could potentially slow the fundraising trend including security issues and a report from the Securities and Exchange Commission; despite some new challenges, ICO fundraising data shows the offerings also ahead of angel and early stage funding in July. Source