Browsing: Bank of America
Bank of America says we’re in an AI ‘air pocket,’ not a bubble, propelled by data center capex
It’s not the year 2000, and there is not an impending tech bubble, but that doesn’t mean investors shouldn’t be…
ToplineBank of America is recommending its wealth management clients allocate up to 4% of their portfolios to cryptocurrency assets, marketing…
Bank of America prioritizes bigger AI initiatives, as annual spending on new tech increased by 44% over the past decade
Bank of America’s annual spending on new, strategic technology initiatives, which includes investments in artificial intelligence, has increased by 44%…
Bank of America is the second largest U.S. bank by assets, with roughly $2.6 trillion on its balance sheet and…
Brian Moynihan warns the economy risks ‘malaise’ due to government shutdown, as deals slow and Federal workers pull back on spending
When the government shutdown began, the general consensus was that it wouldn’t be too detrimental to the economy. Sure, certain…
BofA’s president of Global Commercial Banking on best practices for securing the legacy of a multigen family business
In the United States, 32 million family-owned businesses form a vital pillar of the economy, injecting $7.7 trillion annually into…
‘Job huggers’ sense trouble brewing in the jobs market as BofA flags wage growth stalling for switchers for the first time since 2010
The job hopper and the job hugger: Two distinct species, with one going into hibernation as the other emerges. Bank…
Can AI ‘sorcery’ solve the ‘productivity paradox’ that has gripped the economy for 25 years? A Shakespearean sea change is underfoot
The late plays by William Shakespeare are alternately called his “romances” or his “problem plays,” because of their ambiguity in…
JPMorgan’s plan to charge for data could ‘cripple’ crypto and fintech startups, execs warn
When JPMorgan Chase told fintechs last month that it planned to charge them for accessing its customer banking account data,…
BofA analyst raises price target for Citi to $100, takes bullish view of Fraser’s restructuring
It’s been three years since Jane Fraser unveiled her strategic vision for Citi and, during that time, the CEO has…












