Bank of America has introduced a new banking solution aimed at helping parents guide their children in developing sound financial habits. The product, SafeBalance Banking® for Family Banking, is designed to provide parents with the necessary tools and resources to teach their children money management through a secure digital platform.
The Bank of America Chicago Marathon has made a substantial impact on the local economy, contributing a record $547 million in 2023. This represents a 42% increase from the previous year's $386 million, according to an independent study by Jones & Associates Economics.
Bank of America plans to open more than 165 new financial centers across 63 markets by the end of 2026. This includes nearly 40 centers set to open this year, in addition to over 100 centers opened in the last two years.
Bank of America Corporation announced today that it will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series Z (CUSIP No. 060505EM2), liquidation preference $25,000 per share (the “Preferred Stock”), and the corresponding depositary shares each representing a 1/25th interest in a share of the Preferred Stock (CUSIP No. 060505EL4) (the “Depositary Shares”).
Bank of America Corporation announced today that its Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of several series of preferred stock for the fourth quarter of 2024.
AUGUSTA, GA - Fred Ridley, Chairman of Augusta National Golf Club and the Masters Tournament, announced today that Bank of America will become a Champion Partner of the Masters Tournament, beginning with the 2025 Masters Tournament. Additionally, the Chairman has announced that CBS Sports will expand coverage hours of the Tournament on Saturday and Sunday also beginning in 2025.
Bank of America Corporation announced today that it will redeem on September 25, 2024, all $2,000,000,000 principal amount outstanding of its 0.981% Fixed/Floating Rate Senior Notes, due September 2025 (CUSIP No. 06051GJG5) (the “Notes”), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of September 25, 2024. Interest on the Notes will cease to accrue on the redemption date.
Bank of America Corporation announced today that it will redeem on October 1, 2024, all $1,750,000,000 principal amount outstanding of its 3.093% Fixed/Floating Rate Senior Notes, due October 2025 (CUSIP No. 06051GGT0) (the “Notes”), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of October 1, 2024. Interest on the Notes will cease to accrue on the redemption date.
Bank of America announced today that it has raised its U.S. minimum hourly wage to $24 per hour, continuing its commitment to reach $25 by 2025. This increase will bring the minimum annualized salary for full-time employees in the U.S. to nearly $50,000 and applies to all full-time and part-time hourly positions.
Bank of America announced today that it has increased its minimum wage to $24 per hour in the United States, as part of its commitment to reach $25 by 2025. With this increase, the annualized minimum salary for full-time employees in the U.S. will rise to nearly $50,000. This raise applies to all full-time and part-time hourly positions in the country.
Bank of America Corporation announced today that it will redeem on August 24, 2024, all €1,500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due August 24, 2025 (ISIN: XS2345784057; Common Code: 234578405) (the “Notes”).
FIFA has announced Bank of America as the Official Bank Sponsor for the FIFA World Cup 26™. This marks the first time a financial institution has become a global sponsor in the banking category for FIFA.
Bank of America has been recognized by several influential industry groups and global banking award organizations for its digital leadership. The company, which continues to see record growth in digital engagement among clients, recently received accolades from Euromoney, Global Finance, Celent, The Asian Banker, and others for its commitment to innovation and delivering digital experiences.
Bank of America has been recognized by several influential industry groups and global banking award organizations for its digital leadership. The company continues to see record growth in digital engagement among clients, recently receiving accolades from Euromoney, Global Finance, Celent, The Asian Banker, and others for its commitment to innovation and delivering world-class digital experiences.
Bank of America has reported a significant increase in the adoption and use of its CashPro App for corporate payment approvals. As of mid-2024, corporate payment approvals via the CashPro App have surpassed $500 billion, marking an increase of nearly 40% compared to the same period last year. The app is projected to reach a trillion dollars in payment approvals by the end of 2024.
Today, Merrill Wealth Management and IMG Academy announced a three-year partnership to offer more education and resources around financial awareness to student-athletes and their families. The program aims to provide actionable financial education to IMG Academy student-athletes that can help them throughout their student-athlete journey and in life.
Bank of America celebra dos décadas de ayuda en la preparación de la próxima generación de la fuerza laboral de todo el país para carreras calificadas y de alta demanda a través de su programa filantrópico distintivo, Student Leaders® (#BofAStudentLeaders). Desde su inicio en 2004, el programa ha conectado a estudiantes que cursan el último y penúltimo año de secundaria y que tienen vocación de servicio con pasantías de verano remuneradas de ocho semanas en organizaciones locales sin fines de lucro para que adquieran experiencia laboral y habilidades de liderazgo. Dado que...