Browsing: Bank

Kate Danella, the bank’s head of consumer banking, will succeed Dave Keenan, who will retire at the end of the year, the Alabama-based lender said.

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has announced a $25 million equity investment in Jumia Technologies AG to support the expansion of digital commerce infrastructure across Africa.

Bank of America BAC has been seeking to sharpen its cybersecurity capabilities, as evident from its planned acquisition of U.K.-based information-security specialist MDSec Consulting Limited. The deal, expected to close in the fourth quarter of 2026 and subject to regulatory approvals, will bring roughly 65 highly skilled cybersecurity professionals into BAC’s technology and security organization.…

NEW YORK, Aug 12 (Reuters) – Bank of America said on Wednesday it plans to deploy $250 billion by July 2027 to support U.S. ‌digital and infrastructure projects, a move it says will boost the country’s economic growth ‌and help create tens of thousands of jobs.

What began as a small, competitive summer camp for six high school students in 2022 has grown into a statewide entrepreneurship experience designed to help Alabama youth develop confidence, creativity and business skills.

U.S. Bank and the San Francisco 49ers today announced a partnership extension that maintains U.S. Bank as the team’s Official Bank Partner and builds upon the brands’ shared commitment to the Bay Area. The new multiyear deal strengthens the 49ers-U.S. Bank relationship, which began in 2014, and adds a new practice jersey patch.

Multifonds announced that National Bank of Canada, one of Canada’s six systemically important banks, selected them to modernize its fund accounting operations and support the continuous growth of its ETF business. As one of Canada’s six systemically important banks, National Bank holds a significant presence in the Canadian wealth management and institutional services market. Its…

Jill Hall, BofA securities U.S. equity strategist, explains why the Russell 2000 is the best-performing benchmark.

MVB Bank, a West Virginia-based subsidiary of Nasdaq-listed MVB Financial Corp., has agreed a multi-year partnership with Bretton AI to use AI-powered operations for its anti-money laundering (AML) transaction monitoring and know-your-customer (KYC) compliance work.

At least three other lenders have warned investors of consequences over the past year, but unlike U.S. Bank, those institutions have either been sued or called out publicly by President Trump.