Financial data company Bloomberg ranked the banks in the US, and Citigroup came out on top. The bank also finished 9th in the world, while the top spot worldwide went to Qatar National Bank. Ratings for strongest US bank were based on five criteria: Tier 1 Capital to Risk-Weighted Assets Ratio, Nonperforming Assets, Loan Loss Reserves, Deposits to Funding Ratio, Efficiency...
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In a startling about face, Bank of America Corp. now says its mobile banking logins do not outnumber online banking logins. Earlier this week at the Net Finance conference in Phoenix, Marc Warshawsky, a senior vice president at Bank of America, in his keynote address, said mobile logins at the nation’s No. 2 bank by...
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See update here. Bank of America Corp.‘s customers are “now” logging in to the bank’s mobile platform in greater numbers than to its online platform. That monumental development was disclosed yesterday by Marc Warshawsky, the bank’s senior vice president, mobile solutions executive, at the NetFinance conference, although Warshawsky offered scant details on the frame of...
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Mobile banking adoption has been fast — five years versus 10 for online, says Marc Warshawsky, senior vice president of mobile for Bank of America – so why aren’t we all paying with mobile wallets? Fear not, Toby Russell, vice president of enterprise mobile and emerging channels at Capital One Financial Corp., told the audience at...
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Today is the final day of voting for the 2013 Webby Awards, which are dedicated to “honoring the best of the web.” Several financial institutions and fintech companies are among the nomineees. In the Financial Services /Banking category are the redesigned PayPal.com; Mint.com; and HelloWallet, a financial management tool; investment tool SigFig; and Defend Your Income,...
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Are we stuck with our bad financial habits, or do we have a chance to reform them? That’s the question asked by a new report that is part of an initiative to encourage better financial habits within JPMorgan Chase’s free Blueprint offering. The report is called “Born To Spend?: How nature and nurture impact...
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Bank of America has some fun with a video showing a college student using remote deposit capture (RDC) on his iPhone to deposit his check from grandma. (He tosses the card it came in, of course.) Nearly identical ads are on the bank’s YouTube channel showing the same operation on an iPad and Android devices, as well as a video showcasing, in surprising detail, how to use person-to-person payments to transfer money, in this case, to the babysitter.
The video launched last week and looks to be another product of the bank’s work with the Hill Holliday Agency, an advertising firm. Bank of America is the largest retail bank in the nation, with close to $500 billion in deposits.
Bank of America reached 12.6 million mobile users in the first quarter of 2013, which is 30% higher than in the first quarter of 2012, CEO Brian Moynihan revealed in an earnings call today. The bank’s mobile users grew 5% over last quarter’s 12 million. In the first quarter of 2012, the bank reported 9.7...
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It seems it’s bye-bye to Kiefer Sutherland hello to connecting for Bank of America‘s new TV spots. One of them is below: The TV spots are part of a broader marketing initiative called “Life’s Better When You’re Connected,” according to Ernesto Anguilla, a press contact for Bank of America. More ads are viewable at the bank’s...
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Capital One led the Top 20 banks in the nation in gains in both deposit dollars and number of accounts in the final quarter of 2012, according to a Bank Innovation analysis of FDIC data. Capital One’s number of deposit accounts grew 93% over 2011, and deposit dollars grew 81%. Its number of deposit...
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