Bank of America

Bank of America, we have a clear purpose to help make financial lives better through the power of every connection. We fulfill this purpose through our commitment to responsible growth, which includes a focus on environmental, social and governance (ESG) leadership. Integrated across our eight lines of business — our ESG focus reflects our values, ensures we are holding ourselves accountable, presents tremendous business opportunity, and allows us to create shared success with our clients and communities.

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Earnings Put Spotlight on Banks’ Full-Scale Digital Transformation
Earnings Put Spotlight on Banks’ Full-Scale Digital Transformation
April 26, 2024  |  Banking

The shift toward digital channels in financial services shows no signs of slowing down, as evidenced by the latest earnings results from incumbent banks and...

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Earnings Season Commentary Points to Pressures for Lower-Income Consumers
Earnings Season Commentary Points to Pressures for Lower-Income Consumers
April 24, 2024  |  Consumer Finance

Earnings season is less than two weeks old. By and large, the data and the press releases indicate that consumers are still spending, on experiences...

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Virtual Cards Set to Transform Buyer-Supplier Relationships
Virtual Cards Set to Transform Buyer-Supplier Relationships
April 23, 2024  |  B2B Payments

Management guru Peter Drucker once said that “wherever you see a successful business, somebody made a courageous decision.” That’s the spirit behind the Certainty Project, a...

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Senators Press Banks for Better Defenses Against Wire Fraud
Senators Press Banks for Better Defenses Against Wire Fraud
April 19, 2024  |  Security & Fraud

The looming specter of wire fraud has spurred lawmakers to press big banks for better defenses against bad actors — and a detailing of the impact the...

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The AP/AR Modernization Mandate: From Self-Assessment to Better B2B Payments
The AP/AR Modernization Mandate: From Self-Assessment to Better B2B Payments
April 19, 2024  |  B2B Payments

Modern technology makes modern business strategies possible. And with the news on Thursday (April 18) that Mastercard is bringing its commercial cards to mobile wallets,...

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Banks Report Lending Slows as Corporate Borrowers Pay Down Debt
Banks Report Lending Slows as Corporate Borrowers Pay Down Debt
April 16, 2024  |  Banking

The largest U.S. banks are reporting a slowdown in lending. Bank of America and PNC were the latest to do so, with the former reporting Tuesday (April 16)...

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Banks Cut 5,000 Jobs in Q1 Amid Uncertain Economic Climate
Banks Cut 5,000 Jobs in Q1 Amid Uncertain Economic Climate
April 16, 2024  |  Personnel

The largest U.S. banks cut a total of more than 5,000 jobs during the first quarter. They did so to control costs during an uncertain...

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Earnings Season and FICO Data Point to ‘Strong’ Consumer Credit Profiles
Earnings Season and FICO Data Point to ‘Strong’ Consumer Credit Profiles
April 16, 2024  |  Consumer Finance

Earnings season, so far — and chiefly through the big banks — is pointing to some strength in consumer credit. And that strength has been...

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Bank of America: 1Q Zelle Volumes Surge 26% to $106 Billion
Bank of America: 1Q Zelle Volumes Surge 26% to $106 Billion
April 16, 2024  |  Earnings

Bank of America’s first quarter results took note of continued use of digital channels in banking — and for payments, too. The bank recorded 3.4...

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