Bank of America recently unveiled a strategy focused on the virtual currency segment, making clear the bank's desire to launch its own stablecoin.
In this regard, BofA CEO Brian Moynihan confirmed last week that the company is in the process of developing a stablecoin, but is cautious about issues…
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Bank of America
Bank of America predicts oil price drop to $65 per barrel in 2025
Bank of America estimates point to a drop in the price of a barrel of oil in 2025 to $65 per barrel due to an excess of supply and a decrease in demand, marked by the advance of clean energy.
According to Francisco Blanch, head of global…
Bank of America warns that it will pass on regulatory charges to clients
Customers of Bank of America, one of the largest in the United States, could soon have to pay a fee for previously free services if the bank decides to pass on the costs of new regulations from the Consumer Financial Protection Bureau to…
Bank of America reports 63 % profit increase
US bank Bank of America posted net attributable profit of $ 7.26 billion for the third quarter of 2021 as a whole, equivalent to an increase of 63.5 % compared to the same period last year, according to of the income statement.
"We have…
Morgan Stanley launches cryptocurrency research team
Morgan Stanley created a new research division that aims to investigate the development of crypto assets and for this it appointed Sheena Shah as the main cryptocurrency analyst. Shah comes from playing a crucial role as Morgan Stanley's…
Bank of America creates research team for cryptocurrencies
The Bank of America recently created a team dedicated exclusively to conducting research within the field of cryptocurrencies.
Alkesh Shah, the US bank's innovation data strategy staff, will lead this team along with Mamta Jain andAndrew…
Bank of America seeks to incentivize racial equality
Bank of America raised its plan to encourage and improve racial equality and economic opportunity in the United States by $ 250 million through a series of investments and direct actions, according to a statement.
The initial plan,…