Bank of America - News, Articles & Research

News

Wall Street firms to share Nasdaq 144A securities platform

A consortium of Wall Street banks have opted to ditch their competing electronic trading system for unregistered securities in order to cooperate on a single platform operated by Nasdaq.

12 November 2007

News

SMS banking passwords fail to stop hackers - research

The use of SMS authentication to access Web banking services fails to protect people from hackers and fraud, according to research conducted by The Queensland University of Technology (QUT) in Australia which found that human error remains one of the biggest risk factors.

09 November 2007

News

Nyse Euronext teams with Bids for block trading JV

Exchange operator Nyse Euronext is establishing a block trading joint venture with Bids Holdings, the Wall Street consortium that is setting up its own alternative platform for equity block stock trading.

30 October 2007

News

Bank of America trials in-store cash management system

Bank of America is piloting an in-store cash management hardware device for retailers that counts and secures bank notes and communicates the information directly to the bank, allowing funds to be credited in accounts.

22 October 2007

News

Bank of America launches small business community site

Bank of America has launched an online community for small business owners to share experiences and network with their peers.

10 October 2007

News

Sun treasury works with BofA on ISO20022 payments messaging

The growing support among both corporates and banks for the ISO 20022 messsaging standard was illustrated today with the news that Bank of America and Sun Microsystems are piloting a payments processing system based on the specification.

02 October 2007

News

Bank of America, Credit Suisse and UBS join Opus-5 144A securities platform

Bank of America, Credit Suisse and UBS have joined Opus-5, a bank-backed electronic trading platform for unregistered securities.

12 September 2007

News

Bank of America introduces SafePass mobile authentication service

Bank of America (BoA) has introduced a two factor authentication system, called SafePass, that operates via a mobile phone. The bank is also piloting a wallet-sized card that generates a single-use password that can be used to authorise online brokerage and banking transactions.

11 September 2007

News

Cardtronics files for $300 million IPO

American ATM operator Cardtronics has filed with the Securities and Exchange Commission (SEC) for an initial public offering (IPO) of common stock worth up to $300 million.

10 September 2007

News

Bank of America and MasterCard target entrepeneurs via Microsoft Startup Center

Microsoft is collaborating with Bank of America, MasterCard and FedEx to provide an online resource for individuals looking to set up their own businesses.

26 June 2007

News

Broker research evaluation service launched by TheMarkets.com, Wall Street firms

A full-service broker research evaluation programme called MeritMark is being launched by bank-backed capital markets portal TheMarkets.com in partnership with 12 Wall Street firms.

24 May 2007

News

CheckFree hit with lawsuit; may lose Bank of America contract

US e-payments firm CheckFree has been hit with a class action lawsuit alleging that directors deliberately misled investors by issuing false and misleading statements between 4th April and 1st August last year that artificially inflated the company's share price. The news comes amid rumours that CheckFree stands to lose a major part of a lucrative contract with its biggest customer, Bank of America.

12 April 2007