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.
Tag: News
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.
Low value international payments to India get faster and more predictable as Swift Go gains momentum
Low value international payments to India get faster and more predictable as Swift Go gains momentum
Mortgage rates continue to slide
Freddie Mac has released the results of its Primary Mortgage Market Survey, showing the 30-year fixed-rate mortgage (FRM) averaged 6.42%.
Bank of America announces redemption of Senior Notes due April 2024
Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have announced that they are each making a $5 billion uninsured deposit into First Republic Bank. Goldman Sachs and Morgan Stanley are each making an uninsured deposit of $2.5 billion, and BNY Mellon, PNC Bank, State Street, Truist, and U.S. Bank are each making an uninsured deposit of $1 billion, for a total deposit from the eleven banks of $30 billion.
Coordinated central bank action to enhance the provision of US dollar liquidity
Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have announced that they are each making a $5 billion uninsured deposit into First Republic Bank. Goldman Sachs and Morgan Stanley are each making an uninsured deposit of $2.5 billion, and BNY Mellon, PNC Bank, State Street, Truist, and U.S. Bank are each making an uninsured deposit of $1 billion, for a total deposit from the eleven banks of $30 billion.