Bank of America announces redemption of €2.0 billion of floatinate Senior Notes, due April 25, 2024
Category: News
Bank of America Corporation Announces CME Term SOFR as Benchmark Replacement Rate for Certain Outstanding USD LIBOR Securities
The Bank of Canada has published the Bank of Canada Oversight Activities for Financial Market Infrastructures 2022 Annual Report. The Report reviews the Bank’s oversight of designated clearing and settlement systems, also known as financial market infrastructures (FMIs).
Bank of Canada FMI oversight activities annual report released
The Bank of Canada has published the Bank of Canada Oversight Activities for Financial Market Infrastructures 2022 Annual Report. The Report reviews the Bank’s oversight of designated clearing and settlement systems, also known as financial market infrastructures (FMIs).
Cross-border QR code payments connectivity launched between Singapore & Malaysia
The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have launched a cross-border QR code payment linkage between Singapore and Malaysia. This payment linkage will allow customers of participating financial institutions to make retail payments by scanning NETS QR and DuitNow QR codes. It will support in-person payments through the scanning of physical QR codes displayed by merchants, and online cross-border e-commerce transactions.
Bank of America names Lindsay Hans & Eric Schimpf Presidents and Co-Heads of Merrill Wealth Management
Bank of America has announced that Lindsay Hans and Eric Schimpf have been appointed president and co-head of Merrill Wealth Management, reporting to Bank of America Chair and Chief Executive Officer Brian Moynihan.
Over 10 mn BofA clients use Life Plan to pursue financial goals
Bank of America has announced that more than 10 million clients have used Life Plan since its launch in late 2020. Available on the Bank of America mobile app and online banking platform,
Xapo Bank becomes the first fully licensed bank to enable USDC deposits and withdrawals
Xapo Bank becomes the first fully licensed bank to enable USDC deposits and withdrawals
Affluent Asian American and Pacific Islanders more likely to financially support aging parents: Study
Nearly 80% of Asian American and Pacific Islanders (AAPI) respondents ranked family as one of the most important aspects of their life, in a study “Diverse Viewpoints: Exploring Wealth in the APPI Community,” by Merrill Wealth Management.
BIS Innovation Hub Singapore and partners successfully connect IPS
BIS Innovation Hub Singapore and partners successfully connect IPS
Federal Reserve Board releases annual audited financial statements
The Federal Reserve Board has released the 2022 combined annual audited financial statements for the Reserve Banks. An independent public accounting firm engaged by the Board issued unqualified opinions, asserting that its audit found the financial statements for the Board and the Reserve Banks to be free of material misstatements in accordance with the applicable auditing standards. The Board released preliminary income and expense data earlier this year.