Bank of America has brought in $10.5 billion in deposits and investments in the last four years after making deals with companies to provide financial services to their employees, the lender said.
Bank of America has brought in $10.5 billion in deposits and investments in the last four years after making deals with companies to provide financial services to their employees, the lender said on Thursday. More than 450 corporate and commercial clients have enrolled in BofA's employee benefits and investing program since it was introduced in 2020, and 50 more companies are expected to join by mid-year, according to Aron Levine, president of preferred banking at BofA. Of the 4 million workers who can access BofA bank accounts and rewards programs through their employers, 20% have tapped the services so far, the bank said.
Employer deals earn BofA more than $10 billion in deposits, investments streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Prophix Names Aaron Levine Chief Financial Officer and Ryan Van Hatten to Chief Operating Officer streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.