Major banks seek summary judgment in FX benchmark rate fixing lawsuit
HSBC, Barclays, JPMorgan Chase, NatWest Markets, UBS, BofA, and Citi push for summary judgment in their favor.
Bank of America
Merrill Lynch to pay $15.2 million for price discrepancy on funds
Merrill Lynch maintained a system designed to restrict a customer’s purchase of Class C shares when lower cost Class A shares were available.
Bank of America registers drop in Global Markets net income in Q1 2022
Bank of America reported net income decrease of $459 million to $1.6 billion for the first quarter of 2022.
BofA adds ACH Positive Pay on CashPro App
Bank of America (BofA) announced the launch of ACH Positive Pay on its award-winning CashPro App.
Bank of America partners with UK Fintech Banked Ltd on “Pay by Bank” payment solution
Launched in conjunction with Banked Ltd., this new feature allows customers of e-commerce companies to pay directly from their bank account.
Bank of America registers drop in Global Markets net income in Q4 2021
The Global Markets business segment of Bank of America saw net income decrease $122 million to $669 million in Q4 2021.
Bank of America launches CashPro Forecasting
Bank of America launches CashPro Forecasting, a solution leveraging artificial intelligence (AI) and machine learning.
CME fines Bank of America for violation of wash trades prohibition
Bank of America NA has agreed to pay a fine as a part of an offer of settlement related to alleged violations of CBOT rules.
Bank of America sees rise in Global Markets income in Q3 2021
Bank of America reported Global Markets net income of $926 million for Q3 2021, up by $68 million from the year-ago quarter.
Bank of America launches new B2C payment solution “Recipient Select”
Bank of America has launched a new solution Recipient Select, which addresses complexities related to the growth of B2C payment options.
