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Bank of America

FintechNews RoundupUSA
·Mar. 4, 2020

Banks Try to Ease Back Regulations in Wake of Recent Turmoil

The market turmoil has sparked banks like JPMorgan Chase and Bank of America to try for further easing of certain...
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FintechUSA
·Jun. 19, 2020

Black Customers Have Little Recourse When Confronting Racism at Banks

Banks say they reject racism and explain how employees are required to complete annual diversity training programs; there are endless...
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FintechNews RoundupUSA
·Feb. 27, 2018

Bank of America Announces Branch Expansion Plans

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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FintechNews RoundupUSA
·Mar. 28, 2019

Bank of America and Wells Fargo Less Thrilled about Potential of Blockchain in Financial Services

Speaking at a conference on Wednesday, Wells Fargo CEO Tim Sloan stated, “Personally I think blockchain has been way oversold…By...
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FintechNews RoundupUSA
·Feb. 10, 2020

Bank of America Pushes Innovation with Patents

Bank of America earned 418 patents in 2019, which is 100 more than the 318 they earned in 2018 and...
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FintechNews RoundupUSA
·Apr. 25, 2019

Bank of America Wants to be the Financial Mission Control for Customers

Bank of America’s latest product, Life Plan, aims to make the bank the a central guiding force for their customers...
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FintechNews RoundupUSA
·Jan. 9, 2019

Rival Stock Exchange Coming From Bank of America and Morgan Stanley

Get ready for MEMX, or Members Exchange, as a group of nine retail broker-dealers, banks, and financial services firms plan...
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FintechNews RoundupUSA
·May. 29, 2019

Bank of America’s AI Assistant Reaches 7 Million Users

Bank of America’s AI powered digital assistant Erica has now reached more than 7 million users with over 50 million...
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FintechUSA
·Jun. 24, 2020

Public Cloud Providers Continue Poaching Wall Street Veterans to Lure Clients

Cloud providers Amazon Web Services, Google Cloud, Microsoft, and IBM have been working to convince more financial services companies to...
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FintechNews RoundupUSA
·Mar. 28, 2019

More Regional Bank M&A Might be on the Way

A new survey of 175 banks by UBS shows that larger banks like JPMorgan Chase and Bank of America invest...
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