Named Best Use of IT in Wholesale/Transaction Banking
Bank of America Merrill Lynch, a recognized leader in global treasury
and trade solutions, today announced that its online portal Trade
Pro® has been awarded “Best use of IT in
Wholesale/Transaction Banking” in the Banking Technology magazine 2013
Launched in March 2012, Trade Pro is an electronic platform used by
large corporate and middle-market companies that seek to enhance their
trade and financial supply chainmore...
Higher U.S. Dollar, Interest Rates and Rate Volatility Create Upside Risk
BofA Merrill Lynch Global Research today released its outlook for the
markets in 2014, calling for strong U.S.-led economic growth, higher
yields and solid U.S. stock gains that are lower than in 2013 but higher
than consensus. Meanwhile, a rising U.S. dollar and rising rates, as
well as rising rate volatility, will have consequences for markets
around the world as credit cycles diverge.
At the annual BofA Merrill Lynch Year Aheadmore...
Most Executives Expect Companies to Increase or Maintain Size of Workforce, Remain Interested in Doing Business Globally
CFOs are more optimistic about U.S. economic growth than they were a
year ago and expect their companies’ sales to increase in 2014, with
growth coming from doing more business with current customers and
winning new customers, according to the Bank of America Merrill Lynch
2014 CFO Outlook survey. Nine out of 10 CFOs said they expect their
companies to increase or maintain the size of their workforce next year.
Amid this optimism,more...