BofA Sees Digital Payments Cutting $1 Billion Cash-Handling CostBy and
‘The more electronification, the less people’: CEO Moynihan
BofA’s commercial real estate portfolio ‘fairly conservative’
Bank of America Corp., which spends about $1 billion a year handling cash, will save money and require fewer employees as more customers make payments electronically, Chief Executive Officer Brian Moynihan said.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.