Press Releases

5/16/19 9:10 am EDT

One of Two U.S. Banks to Meet or Exceed the Evaluation Average in 10 of 11 Criteria

Bank of America was today recognized as a leader in The Forrester Banking Wave™: U.S. Mobile Apps Q2 2019 report. Bank of America received the top ranking in three evaluation criteria, including self-service features, privacy and security cues, and content, and ranked among the highest in progress and workflow. Bank of America achieved an overall score 10 points higher than the evaluation average, and was one of more...
5/15/19 9:00 am EDT

Next Step on Path to $20 by May 2021

Last month, Bank of America announced that it would raise its minimum hourly wage to $20 over a two-year period. The first increment to $17 was made on May 1, and is reflected in impacted employees’ paychecks this week. The hourly rate of pay will continue to increase until it reaches $20 in 2021. This is part of Bank of America’s commitment to being a great place to work and delivering sustainable, responsible growth through competitive benefits more...
5/14/19 2:00 pm EDT

Small Business Owners Around Nation's Capital Split on Impact of Tax Reform, Climate Change

Local entrepreneurs project a positive business outlook this spring and are increasingly confident in the D.C.-area economy, according to the spring 2019 Bank of America Business Advantage Small Business Owner Report. At the same time, D.C. entrepreneurs are less confident in the national economy, reporting mixed views on the impact of last year’s landmark tax reform and trade tariffs. The report is based more...