BOA – DIGIT INFO

Nifty News: Metaverse bank robberies, Trump NFT biz prefers crypto over cash, and more

DIGIT — Mon, 17 Jul 2023 05:11:36 +0000

The Bank of America’s metaverse trains staff on resolving customer disputes or helps them relax by riding a virtual unicorn.

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Bank of America Expects the Fed to Keep Hiking Rates Until ‘Point of Pain’ for Consumer Demand

DIGIT — Sun, 05 Mar 2023 01:00:05 +0000

Bank of America has warned that the Federal Reserve will have to keep raising interest rates until it finds “the point of pain for consumer demand.” Expecting a slowdown in consumer demand to “lead to an outright recession,” the bank’s economist cautioned that “additional Fed hikes would also mean more pain for the interest-sensitive non-consumer […]

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Bank of America Is Preparing for Possible US Debt Default, Says CEO Brian Moynihan

DIGIT — Wed, 08 Feb 2023 01:30:30 +0000

Bank of America is preparing for a possible U.S. debt default, says CEO Brian Moynihan. He is not a fan of eliminating the debt ceiling altogether as some lawmakers have proposed. Meanwhile, Treasury Secretary Janet Yellen says “every responsible member of Congress must agree to raise the debt ceiling.” Bank of America CEO Brian Moynihan […]

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Bank of America: ‘Digital Currencies Appear Inevitable’

DIGIT — Sun, 22 Jan 2023 07:49:46 +0000

Bank of America says “digital currencies appear inevitable,” adding that central bank digital currencies (CBDCs) and stablecoins are “a natural evolution of today’s monetary and payment systems.” The bank expects “private sector beneficiaries to emerge in all phases of CBDC implementation.” Bank of America on Future of Money and Payments Bank of America (BOA)’s global […]

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FTX names Kroll as claims agent, to update users on bankruptcy developments

DIGIT — Fri, 18 Nov 2022 03:11:22 +0000

Claims and noticing agents such as Kroll are often assigned to bankruptcy cases where the number of creditors exceeds a thousand.

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Bank of America’s Survey of Wealthy Americans: Younger People Are 7.5 Times More Likely to Hold Crypto in Their Portfolios

DIGIT — Sun, 16 Oct 2022 03:30:05 +0000

Bank of America has found that younger wealthy Americans are 7.5 times more likely to hold crypto in their portfolios than investors aged 43 and older. “If the youngest cohort isn’t confident in stocks, where do they see opportunities for investment growth? Alternatives, including cryptocurrencies, which are their No. 1 choice,” the bank wrote. Young […]

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Bank of America Predicts US Recession This Year as Inflation Hits 40-Year High

DIGIT — Thu, 14 Jul 2022 23:30:11 +0000

Bank of America has forecasted that the U.S. economy will slide into a recession this year. “A number of forces have coincided to slow economic momentum more rapidly than we previously expected,” the bank’s economists said. US Economy Heading Into a Recession This Year, Says Bank of America Bank of America’s economists now expect a […]

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Bank of America CEO: Regulation Won’t Let Us Engage in Crypto; Kiyosaki Talks Depression, Civil Unrest, and More — Bitcoin.com News Week in Review

DIGIT — Sun, 05 Jun 2022 10:00:50 +0000

The new LUNA records gains amidst controversy, “Big Short” investor Michael Burry and author Robert Kiyosaki weigh in on recession, depression, and looming civil unrest. To top it all off, Bank of America’s CEO said “we have hundreds of patents on blockchain” but that regulations are blocking the institution from engaging in crypto. This is […]

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Bank of America CEO: We Have Hundreds of Blockchain Patents — But Regulation Won’t Allow Us to Engage in Crypto

DIGIT — Tue, 31 May 2022 00:30:59 +0000

The CEO of Bank of America says that his bank has hundreds of blockchain patents but regulations will not allow it to engage in crypto. “The reality is that we can’t do it by regulation,” he said. Bank of America’s CEO on Crypto Bank of America (BOA) CEO Brian Moynihan talked about cryptocurrency in an […]

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Bank of America’s Crypto Research Debuts: Digital Assets Are ‘Too Large to Ignore’

DIGIT — Tue, 05 Oct 2021 16:00:41 +0000

Bank of America’s Global Research has begun covering crypto, debuting with a report stating that “digital assets are too large to ignore.” Noting that digital assets are “creating a whole ecosystem of new companies, new opportunities, and new applications,” the bank said, “This is growing, this is mainstream, and it’s not just bitcoin.” Bank of […]

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