Browsing: BofA

Key insight: Bank of America is putting more focus on private-credit lending as the sector’s needs continue to grow.What’s at stake: Banks are getting more entangled…

What’s at stake: A Brooklyn banker admitted to bypassing know-your-customer protocols to open accounts for shell companies that billed Medicare for fake claims. Key insight: The relationship…

Bank of America Corp. — aiming to double the profit it makes from consumers — is revamping its approach to credit cards as the lender embarks…

Key insight: The lawsuit challenges BofA’s use of automated fraud filters and its decision not to issue EMV chip cards for the benefits, highlighting liability risks…

Signs of elevated stress are emerging within the $1.7 trillion private credit market as default rates are rising and more borrowers are choosing to defer cash…