Next Business 24

Greatest Funding Financial institution and Money Administration


House Awards Award Winners World’s Greatest Funding Financial institution and Greatest Financial institution for Money Administration 2025: Financial institution of America

Financial institution of America has been recognised in 2025 as The World’s Greatest Funding Financial institution and the World’s Greatest Financial institution for Money Administration on this 12 months’s International Financial institution Awards.

Brian Moynihan Bank of America
Brian Moynihan, Chairman & CEO

World’s Greatest Funding Financial institution 2025

Towards the backdrop of thriving world inventory markets and rising debt-finance exercise, Financial institution of America (BofA) Securities’ world operations achieved a formidable 43% year-over-year bounce in funding banking charges as of the fourth quarter of 2024.

The numbers had been buoyed primarily by the financial institution’s three massive areas of operations: North America, Latin America, and Europe, the place the financial institution managed a commanding 8.3%, 9%, and 4.4% of whole funding banking charges, respectively. That boosted income for the total 12 months to just about $5.5 billion, in accordance with Dealogic, representing round 6.2% of the worldwide funding banking market.

BofA additionally scored massive on M&A regardless of considerably subdued exercise within the discipline, serving as lead buy-side advisor on the $1.9 billion acquisition of Hawaiian Airways by Alaska Air. The financial institution additionally acted as sole buy-side monetary advisor on Keurig Dr Pepper’s $990 million acquisition of vitality beverage firm GHOST. 

World’s Greatest Financial institution for Money Administration 2025

Reflecting the demand for constant world visibility and management, Financial institution of America noticed the app model of its CashPro platform surpass $1 trillion in fee approvals in 2024. CashPro permits purchasers to handle treasury operations throughout a number of channels: on-line, app, APIs, and file-based interfaces.

“One factor that distinguishes CashPro is its world consistency,” says Tom Durkin, head of CashPro at BofA’s International Funds Options, “in order that when an organization’s finance workforce has workforce members in numerous nations, they’ll all have entry to the identical instruments, views, and processes. The benefits are apparent: higher visibility and management and no further monetary outlays.”

A lot of CashPro’s success is because of BofA’s shut engagement with purchasers, Durkin notes, significantly those that take part in shopper board conferences.

“This dialogue is so vital,” he says. “We do deep dives into our purchasers’ priorities and challenges, we current choices for brand spanking new performance and focus on whether or not these improvements are going to resolve their real-world points.”

The financial institution’s strategic imaginative and prescient for CashPro “will all the time be to supply a best-in-class platform that’s customized, predictive, and proactive,” he provides. “One latest demonstration is how we’ve embedded CashPro into our purchasers’ personal programs by the CashPro Community, a collaboration with third-party suppliers permitting fast, simple connection to the financial institution with little to no funding.” 

URL: bankofamerica.com

Keep forward of the curve with NextBusiness 24. Discover extra tales, subscribe to our e-newsletter, and be part of our rising group at nextbusiness24.com

Exit mobile version