The financial system in the United States is undergoing a major transformation, and three of the country’s biggest ...

Chase, Bank of America, and Wells Fargo eye digital dollar as U.S. plans to end penny production. Here's what that means for ...

US banks, including JPMorgan and Citigroup, pursue a joint stablecoin project to modernize payments and compete in the crypto ...

The Dollar Index (DXY) was around 105.81 on Friday, up about 0.2%, and has gained 4.4% YTD. The index is about 3% stronger than its key drivers imply, with Bank of America in a note Thursday ...

The U.S. dollar is close to fair value for the first time since March, and so overvaluation is no longer a short-term headwind for the world’s reserve currency, according to Bank of America.

regulatory changes could soon make it possible for financial giants like Bank of America to issue their own digital currencies. Moynihan noted that a dollar-pegged stablecoin issued by the bank ...

"I like to call it America's first digital dollar," Allaire said ... as well as firms like BlackRock and the Bank of New York Mellon. "That gives us its price stability. But it has all of ...

Bank of America, which has historically ... that he believes there will certainly be a U.S. dollar-backed stablecoin, arguing that given these digital assets function just like money market ...