CZ Takes Aim at Bank of America Over $1.21 Billion AML Penalty
Binance founder Changpeng Zhao (CZ) took a swipe at Bank of America on Wednesday after the banking giant was slapped with more than $1.21 billion in federal penalties for anti-money…
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Goldman, JPMorgan, BofA, Morgan Stanley and More Expect a Fed Hike Tomorrow
More than a dozen banks are expecting the Federal Reserve to raise rates by 25 basis points on Sept. 16. The List UBS, HSBC, Barclays, Citigroup, Wells Fargo, Morgan Stanley,…
Gen Z Is Twice as Likely to Call Sports Betting an Investment, BofA Finds
New research by Bank of America found that across every generation, Americans were more likely to consider buying event contracts an investment than placing a sports bet, with Gen Z…
Swift’s New Payment Framework Goes Live at Bank of America, JPMorgan
Swift’s new cross-border payment framework is now live with Bank of America and J.P. Morgan, improving international transfers for U.S. users. The rollout adds to competition among banks, blockchain firms,…
Bank of America: Fed’s Inflation Problem ‘Unambiguously Worse’ as It Forecasts 3 Rate Hikes in 2026
Bank of America now expects the Federal Reserve to raise interest rates three times in 2026, reversing its earlier call for the central bank to stay on hold. The shift…
Top US Banks to Launch Tokenized Deposit Network: Report
The biggest banks on Wall Street are reportedly going to launch a tokenized deposit network in the first half of 2027. The effort is being led by the Clearing House,…
Bank of America Names Adam Dixon Global Head of Digital Asset Transformation
Bank of America has appointed Adam Dixon, a more than 20-year veteran of the firm, as its global head of digital asset transformation, tasking him with steering the second-largest American…
Stablecoins Could Drain Trillions From Bank Deposits: Bank of America Flags $6T Risk That Could Redefine Lending
Stablecoin growth could siphon trillions from U.S. banks, shrinking lending capacity and raising borrowing costs, as Bank of America warns lawmakers that digital dollars may quietly reshape credit markets and…
Bank of America, Goldman Sachs Upgrade Coinbase (COIN) Stock to ‘Buy’
Two of the biggest American banks have brightened their outlook on shares of Coinbase, the top crypto exchange in the United States. Coinbase Closer to Becoming ‘Everything Exchange,’ According to…
Bank of America Sees 1%–4% Crypto Allocation Shaping New Paths in Digital-Asset Exposure
Bank of America’s new guidance urging a modest digital-asset allocation underscores how crypto is moving into mainstream wealth strategy, signaling accelerating adoption even as market volatility persists. Bank of America…
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