News with the tag "bank of america"

Three of the biggest banks in the US are revealing what they believe is next for the S&P 500 after the stock market index witnessed a major sell-off to start the year. Starting with JPMorgan Chase, analysts at the largest US bank say they don’t believe tariff-related headlines are the catalyst behin...

Bakkt Holdings (BKKT), a crypto exchange and custody firm, saw its shares plunge on Monday after disclosing that neither Bank of America (BAC) nor crypto trading app Webull Pay would renew their commercial agreements with the company. At the time of writing, BKKT shares have dropped 35% in after hou...

In the ever-dynamic world of Forex trading, staying ahead of the curve is paramount. For those navigating the volatile cryptocurrency markets and seeking diversification or understanding broader financial trends, the movements of major currency pairs like EUR/USD offer crucial insights. Recently, a ...

The rising tide of stablecoin adoption has prompted a significant response from traditional financial institutions. Global banks and fintechs are launching their own stablecoins, capitalizing on the increasing adoption and favorable regulatory environment. Joining an established list of payment prov...

The Consumer Financial Protection Bureau (CFPB) has abruptly dropped a lawsuit accusing JPMorgan Chase, Wells Fargo, Bank of America and Zelle of failing to protect consumers from $870 million in losses on the Zelle network over seven years. The lawsuit, filed in December, alleged Zelle’s parent com...

Bank of America CEO Brian Moynihan has confirmed that the bank plans to enter the stablecoin market, should US regulations allow it. Speaking at a Washington, D.C. event on Tuesday, Moynihan said that the bank is preparing to launch a USD-backed stablecoin in efforts to align with self-proclaimed ‘c...

America’s second-largest bank, Bank of America, has hinted at plans to launch its USD-backed stablecoin if comprehensive legislation is passed. Bank of America would potentially become the first major bank to embrace digital currencies for payments and transfers. A “Bank Of America Coin” Speaking wi...

Bank of America, one of the largest financial institutions in the US, is planning to launch its own stablecoin, according to its CEO. In a new interview at the Economic Club of Washington, D.C., Bank of America CEO Brian Moynihan says they intend to launch a stablecoin once laws change to allow it, ...

Bank of America, which has historically taken a backseat in the crypto industry, is prepared to launch its own dollar-backed stablecoin if U.S. lawmakers approve legislation allowing it to do so, its CEO said Tuesday. “If they make that legal, we will go into that business,” Bank of America CEO Bria...

Hold onto your hats, crypto enthusiasts! The traditional finance world is stirring, and this time it’s a giant making waves. Bank of America (BofA), one of the titans of traditional banking, is hinting at a foray into the exciting realm of stablecoins. Could this be the catalyst for even wider crypt...