Bank of America News
Bank of America (BofA) is an American financial conglomerate providing a wide range of financial services and is one of the largest bank holding companies in the USA in terms of assets. It was founded in 1904 and currently headquartered in Charlotte, NC. BofA has become the first financial establishment that has included cryptocurrency in a report about forthcoming financial risks. According to Bank of America, cryptocurrency is not just a threat for their budget, but it complicates the work of preventing money laundering. Also, the company has shown its dependence on innovations made in the market of financial services, including blockchain technology, which can demand a large amount of spending for its implementation. Despite the fact that the holding has expressed skepticism about using Bitcoin, Bank of America has registered some cryptocurrency-related patents in order to prevent customer outflow.
“More than 70% of the adult population of El Salvador does not have a bank account,” reads the latest Global Research report from Bank of America. “For that rea...
Bank of America outlines 4 potential benefits of El Salvador’s Bitcoin strategy
Candace Browning, the bank's head of global research, described cryptocurrency as "one of the fastest growing emerging technology ecosystems."
Bank of America reportedly establishes crypto research team
CEOs of major American banking institutions are heading to Washington to face legislators' questions about how they will aid a post-pandemic economic recovery.
Banks cautious about crypto ahead of COVID-19 testimony before US Senate
Bank of America noted that trades identified as "crowded" have historically been associated with incoming market tops.
‘Long Bitcoin’ chosen as most crowded trade in latest BofA survey
Joining the Paxos Settlement Service could allow many Bank of America customers to settle stock trades in minutes rather than days.
Bank of America partnership with Paxos will allow same-day trade settlements
Bank of America asked 200 professional investors with $533 billion in assets under management about their opinions on Bitcoin.
Nearly 75% of professional investors see Bitcoin as bubble: Survey
New research from the multinational investment bank confirms what many of us knew all along: Investors should never try to time the market.
Bank of America report extols the virtues of HODLing