Bank of America ATM technician robbed in Washington

August 31, 2023

The Clark County, Washington Sheriff's Office is investigating a robbery at a Bank of America, where two men allegedly stole a large amount of money from a…

Fitch warns of possible bank downgrade

August 15, 2023

Fitch Ratings has warned that banks, including JPMorgan Chase, may face ratings downgrades. It reduced its overall assessment of the banking industry's health…

Bank Customer Experience Summit to examine future of branches

by Bradley Cooper — Editor, ATM Marketplace & Food Truck Operator

Banks are dramatically changing their branch strategies, from shutdowns to redesigns. The Bank Customer Experience Summit will look at the cutting edge of…

Bank of America boosts dividend

July 27, 2023

Bank of America has announced a regular quarterly cash dividend of $0.24 per share up from 2 cents from the previous quarter. The dividend will be payable on…

FDIC calls out banks for incorrect uninsured deposit statements

July 25, 2023

The Federal Deposit Insurance Corp. has called out banks for containing incorrect data on financial statements. The statements showed lower uninsured deposits…

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…