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What is driving global supply chain bottlenecks?

September 12, 2022

The FINANCIAL — Bottlenecks in the world economy have been a key reason for high inflation among traded goods. This post explores Bank staff analysis on the key drivers behind these bottlenecks. Bottlenecks in global supply chains have been an important driver of inflationary pressures across the world, increasing prices of tradable goods. These emerged as supply disruptions – for example

Bank of America’s CashPro App Wins Multiple Industry Awards

British Reporter — App Activity Soars As Businesses Appreciate The Convenience Of

by British Reporter

March 20, 2022

1 min read

Celent Names Bank of America a Leader in Wealth Management Innovation

British Reporter — Bank of America announced that it has been recognized

by British Reporter

March 15, 2022

1 min read

Bank of America Consumer Clients Make $294 Billion in Payments in February, up 16% Year-Over-Year

British Reporter — Bank of America announced their approximately 67 million clients

by British Reporter

March 9, 2022

3 mins read

BANKS

ECB extends pandemic emergency longer-term refinancing operations

The FINANCIAL -- European Central Bank to offer four additional pandemic emergency longer-term refinancing operations in 2021 allotted on a quarterly basis, each with a tenor of one year.

by The FINANCIAL

December 15, 2020

1 min read

BANKS

U.S. Bank launches digital greeting cards and other products for virtual holiday shopping

The FINANCIAL -- From waiting in Black Friday lines to visiting Santa at the mall, the things that usually mark holiday shopping have been changed by COVID-19. So as this different kind of holiday season kicks off, U.S. Bank is offering a

by The FINANCIAL

December 14, 2020

2 mins read

BANKS

Bank of America Renovates Financial Centers to Better Serve Clients With Disabilities

The FINANCIAL -- New ADA Specialty Centers in Washington, D.C. and Brockton, Mass. Demonstrate Continued Commitment to Disability Inclusion for Employees, Clients and Communities

by The FINANCIAL

December 14, 2020

1 min read

BANKS

UniCredit awarded the ‘2020 Premio dei Premi’ for its Dynamic Discounting service

The FINANCIAL -- The group has extended the FinDynamic solution, which allows companies to optimise working capital, to UniCredit Factoring customers. UniCredit was today awarded the 2020 Premio dei Premi (Prize of Prizes) National Award for Innovation by the President of the Republic Sergio

by The FINANCIAL

December 13, 2020

1 min read

BANKS

J.P. Morgan Executes Intraday Repo Transaction Using Blockchain

The FINANCIAL -- J.P. Morgan (NYSE: JPM) announced it completed a live, blockchain-based intraday repo transaction. The transaction was successfully conducted between J.P. Morgan’s broker dealer and banking entity, using an in-house developed blockchain application which supported instantaneous settlement and maturity of the

by The FINANCIAL

December 12, 2020

1 min read

BANKS

Bank of America Joins CVS Health to Fund and Deliver Free Flu Vaccine Vouchers

The FINANCIAL -- Distributes 20 Million Masks and Additional PPE to Communities in Need. As part of Bank of America’s $1 billion, four-year commitment to advance racial equality and economic opportunity, the company today announced that it will work with CVS Health to

by The FINANCIAL

December 11, 2020

1 min read

BANKS

Amex Trendex: ‘Tis the Season for Gift Cards, Offers and Quarantine Pods

The FINANCIAL -- According to the Amex Trendex, a trend report from American Express, consumers surveyed in the U.S. are prioritizing safety this holiday season -- from the types of gifts they hope to receive to the way they plan to celebrate. Gift

by The FINANCIAL

December 11, 2020

2 mins read

BANKS

BofA Launches Cross-Border Payment Tracker, Expands SWIFT gpi Support to 140+ Currencies

The FINANCIAL -- Self-Service Payment Tracker Available to Clients Using CashPro®. Bank of America, a charter member of SWIFT Global Payments Innovation (gpi), announced today the launch of a CashPro® self-service tool that allows clients to have real-time visibility into their international payments.

by The FINANCIAL

December 10, 2020

1 min read

BANKS

ADB Appoints Bruce Gosper as New Vice-Presidentt

The FINANCIAL -- The Asian Development Bank (ADB) has appointed Bruce Gosper as Vice-President for Administration and Corporate Management for a period of three years. He will succeed Deborah Stokes whose term ends on 17 January 2021. Mr. Gosper’s expected first date

by The FINANCIAL

December 9, 2020

1 min read

BANKS

Denmark to join Eurosystem’s TARGET services

The FINANCIAL -- Danmarks Nationalbank, Denmark’s central bank, has applied to join the European Central Bank’s (ECB) T2 payment system, the Eurosystem’s new real-time gross settlement system (RTGS).

by The FINANCIAL

December 9, 2020

1 min read