Bank of America

8 takeaways from Digital Banking 2018

06/11/18

From the opportunities — and threats — in artificial intelligence to envisioning a world in which "Wi-Fi is like air," here is what everyone was buzzing about at American Banker's Digital Banking conference.

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BofA to hire 10,000 workers from low-, moderate-income neighborhoods

06/08/18

In a new initiative announced Friday, Bank of America said that it will work with several nonprofits to source a pipeline of local talent in its markets.

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New bank lobbying group excludes Goldman and Morgan Stanley

06/08/18

The firms were initially slated to be included in a newly merged trade association, but they were blocked after some executives objected to adding more Wall Street banks.

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Banks reduce municipal-bond holdings for first time since 2009

06/07/18

U.S. banks reduced their holdings of state and local government bonds for the first time since 2009 after the federal government slashed corporate tax rates, according to figures released by the Federal Reserve Thursday.

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Banks grapple with the human side of technological advancement

06/06/18

At American Banker’s Digital Banking conference in Austin, industry leaders grappled with philosophical questions about artificial intelligence and the rapidly evolving expectations of customers.

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Banks scaring staff with automation talk, BofA's Bessant says

06/05/18

Bank of America's top technology officer says finance-industry workers get spooked about their jobs because of how bosses talk about tech.

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Bank of America's AI assistant avoids Alexa-like eavesdropping

06/05/18

Bank of America says its artificial-intelligence assistant isn't likely to listen in on private conversations the way Amazon.com's Alexa did last month.

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Don’t call it a comeback: Commercial lending’s ho-hum rebound

05/30/18

The numbers are better but still disappointing for such a healthy economy, lamented executives from large U.S. banks. Some are scratching their heads, some are remaining upbeat about the second half of the year, and others are focusing on Plan B.

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Are women bankers doing enough to elevate each other to the C-suite?

05/23/18

Senior executives from Barclays, Bank of America and other big banks urged women to aim high, take chances on challenging jobs and — perhaps most important — provide support to other high-performing female colleagues instead of viewing them as a threat.

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Zelle founder Paul Finch to step down

05/17/18

"It was a difficult decision, but we’re at a good spot to do this,” Finch, 55, said in an interview.

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