Today at Sibos, an annual conference organized by SWIFT for the financial industry, Microsoft Corp. and Bank of America Merrill Lynch announced a collaboration on blockchain technology to fuel transformation of trade finance transacting.As part of this collaboration, the two companies will build and test technology, create frameworks, and establish best practices for blockchain-powered exchanges between businesses and their customers and banks. Microsoft Treasury experts will serve as advisorsmore...
New Operations Goals Strengthen the Company’s Ongoing Commitment to Reducing Impact on the Environment
Bank of America announces new environmental operations goals to be met
by 2020, including plans to go carbon neutral. This announcement
supports the bank’s continued efforts to reduce the environmental
impacts of its operations. Bank of America will work to reduce
location-based greenhouse gas (GHG) emissions by 50 percent, energy use
by 40 percent, and water use by 45 percent in its operations across the
globe by 2020. In addition, Bank ofmore...
Bank of America Corporation today announced the Board of Directors authorized a regular quarterly cash dividend of $18.125 per share on the 7.25 percent Non-Cumulative Perpetual Convertible Preferred Stock, Series L. The dividend is payable on October 31 to shareholders of record as of October 1.The board authorized a regular quarterly cash dividend of $0.40625 per depositary share on the 6.50 percent Non-Cumulative Preferred Stock, Series Y. The dividend is payable on October 27 tomore...