Category Banking

Bank of America Announces Redemptions of Floating Rate Senior Notes Due October 2024 and 0.810% Fixed/Floating Rate Senior Notes Due October 2024

Bank of America Corporation announced that it will redeem on October 24, 2023 all $500,000,000 principal amount outstanding of its Floating Rate Senior Notes, due October 2024 (CUSIP No. 06051GJJ9) (the “Floating Rate Notes”), and all $2,000,000,000 principal amount outstanding…

Read MoreBank of America Announces Redemptions of Floating Rate Senior Notes Due October 2024 and 0.810% Fixed/Floating Rate Senior Notes Due October 2024

J.P. Morgan enhances data management capabilities for Securities Services clients

 J.P. Morgan announced the launch of its Securities Services Data Mesh for institutional investors, available through Fusion by J.P. Morgan (Fusion). The solution enables investors to retrieve critical investment data held by J.P. Morgan’s Custody, Fund Accounting and Middle Office services, using cloud-native channels including…

Read MoreJ.P. Morgan enhances data management capabilities for Securities Services clients

67% of Small Business Owners Foresee Revenue Increasing Over the Next Year; Supply Chain and Labor Issues Easing

Small business owners nationwide continue to be bullish on their own business outlook, as 67% anticipate revenue growth over the next 12 months, despite the ongoing impacts of inflation and high operating costs, according to Bank of America’s 2023 Women &…

Read More67% of Small Business Owners Foresee Revenue Increasing Over the Next Year; Supply Chain and Labor Issues Easing

Wells Fargo Awards Nearly $11 Million in Grants Through Invest Native Initiative

 Wells Fargo Foundation today announced nearly $11 million in grants to 28 organizations across six states as part of its Invest Native program. Invest Native is a $20 million philanthropic initiative by Wells Fargo to strengthen housing access and affordability, small business growth and sustainability in Native communities. Launched…

Read MoreWells Fargo Awards Nearly $11 Million in Grants Through Invest Native Initiative

Charitable Giving by Affluent Households Above Pre-Pandemic Levels, Finds 2023 BofA Study of Philanthropy

Eighty-five percent of affluent households gave to charity in 2022 with the value of their average gifts rising 19% above pre-pandemic levels, according to the 2023 Bank of America Study of Philanthropy released. The study found that affluent households gave an average…

Read MoreCharitable Giving by Affluent Households Above Pre-Pandemic Levels, Finds 2023 BofA Study of Philanthropy

Wells Fargo’s Virtual Assistant, Fargo, Expands Capabilities with Spanish-Language Feature

 Wells Fargo & Company (NYSE: WFC) enhanced its Fargo™ virtual assistant with a Spanish-language capability, improving access to a large portion of its customer base. The new feature enables Spanish-speaking customers to take advantage of the solution that is already providing a…

Read MoreWells Fargo’s Virtual Assistant, Fargo, Expands Capabilities with Spanish-Language Feature