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Banco Bilbao Vizcaya Argentaria SA, Spain’s second-biggest bank, completed a $362 million project with help from Accenture Plc that brings so-called real-time banking to its U.S. customers, speeding up transactions.
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Bank of America Corp. and its U.S. rivals may struggle to replace the $8 billion in revenue lost because of federal debit-card rules after abandoning plans to extract more fees from customers.
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Bank of America Corp., the lender targeting $8 billion in expense cuts, reduced its automated teller network almost 9 percent this year by yanking most of the devices deployed at U.S. gas stations and malls.
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Bank of America Corp. Chief Executive Officer Brian T. Moynihan said that slow economic growth and new regulations mean that the “new normal” in retail banking won’t be as profitable as before.
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John Bottega’s path to becoming Bank of America Corp.’s first data chief started two decades ago in a smoke-filled back office of Lehman Brothers Holdings Inc.
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Bank of America Corp. , pressured by U.S. regulations limiting debit-card and overdraft fees, is set to give its retail customers a choice: do more financial transactions through the company, or pay a monthly fee.
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Wells Fargo & Co. , the U.S. bank with the largest branch network, eliminated free checking accounts for new customers as firms prepare for stricter consumer- protection measures.
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Wells Fargo & Co., the bank with the most U.S. branches, ended free checking in six eastern states as it seeks to recover revenue lost under new financial rules.
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Bank of America Corp. , the biggest U.S. bank by deposits, is seeking to hire three executives to improve its retail online and mobile-banking services, said two people with direct knowledge of the search.
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