Big banks post healthy profits following SVB collapse

July 19, 2023

Big banks have begun releasing earnings this quarter, and so far have seen healthy profit margins despite the collapse of Silicon Valley Bank, Signature Bank…

Bank customers report rise in sudden account closures

July 18, 2023

Many bank customers are reporting their accounts are being shut down without warning, and when they attempt to get an explanation, they have little success.

Bank of America chatbot Erica sees more than 1.5B interactions

July 17, 2023

Bank of America's chatbot Erica has had more than 1.5 billion interactions with customers since its launch in 2018. Customers in 2023 have used Erica 33…

Bank of America fined for more than $250M for fake accounts, junk fees

July 12, 2023

The Consumer Financial Protection Bureau has ordered Bank of America to pay more than $250 million in fines and customer refunds for a variety of violations…

Financial education delivers solid foundations

Avoiding financial traps is critical to increasing financial resilience and helping consumers to achieve their financial goals.

Bank of America appoints president of New Orleans, Baton Rouge

July 3, 2023

Bank of America appointed Jonathan Matessino to serve as president for New Orleans and Baton Rouge. He will handle the bank's resources through its eight lines…

Banks pass Fed stress test

June 30, 2023

The Federal Reserve ran a stress test on 23 U.S. banks and all passed. The test assesses if banks would have enough capital to absorb losses and continue…

Bank of America to expand branch footprint in 9 markets

June 28, 2023

Bank of America will expand its branch network into nine markets over the next four years. In addition, the bank plans to open 58 branches across 34 markets…

Bank of America commits more than $500M in equity investments

June 21, 2023

Bank of America has committed more than $500 million in equity investments to funds specifically for minorities and women, more than double its initial $20…

Bank of America, Apple execs join Chargebacks911

June 9, 2023

Chargebacks911 and Fi911, a chargeback management technology company, has appointed Guy Harris as chairman and Eric M. Hoffman as president of interbank…

Bank of America Institute finds Americans continue to move to sun belt cities for housing

June 8, 2023

The Bank of America Institute has found domestic migration within the U.S. is following pandemic trends of increasing movement to sun belt cities such as Tampa…

Bank of America awards $3M grant for Obama Foundation in Chicago

May 26, 2023

Bank of America has awarded a $3 million grant to the Obama Foundation to support workforce development and community initiatives, particularly with the…

Bank of America opens branch in Luxembourg

May 15, 2023

Bank of America has opened a branch in Luxembourg which will offer bank account openings along with other products and services. The bank will also provide its…

Bank of America provides Leader on Loan to Liberty Science Center

May 12, 2023

Bank of America is providing a senior technology leader for the Liberty Science Center in Jersey City, New Jersey as part of its Leader on Loan program. Pragna…

Bank of America awards $1M grant to NLBM Museum

May 9, 2023

Bank of America has awarded the Negro Leagues Baseball Museum with a $1 million grant as part of its $25 million campaign to build a 30,000-square-foot…

Bank of America appoints president of Phoenix

April 7, 2023

Bank of America has promoted Scott Vanderpool to president at Bank of America Phoenix, Arizona. He takes over for Benito Almanza who will retire on April …

Thieves destroy Atlanta ATM

April 3, 2023

Police in DeKalb County, a part of the Atlanta, Georgia metropolitan area, recently discovered a destroyed ATM at a Bank of America drive-thru location…

Bank of America appoints presidents of Merrill Wealth Management

March 31, 2023

Bank of America has appointed Lindsay Hans and Eric Schimpf to serve as presidents and co-heads of its subsidiary Merrill Wealth Management. They will report…

Bank of America to be presenting partner of Boston Marathon

March 31, 2023

The Boston Athletic Association has announced Bank of America will be the presenting partner for the Boston Marathon starting in 2024, according to a press…

Bank of America invests in Black founders

March 14, 2023

The Bank of America will invest in the Black Founders Matter Fund, a venture based in Portland, Oregon that focuses on investing in Black-owned businesses…