Bank Of America Executive Dean Athanasia Says Consumer Is Still Healthy; There Is More Loan Demand From Smaller Businesses; Loan Demand More Muted At Larger Commercial Clients; Can Double Subsidiary Business Overseas; 7,000 Companies Are Using Erica Virtual Assistant, May Expand Globally
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Bank of America Executive Dean Athanasia reports that consumers remain healthy, with increased loan demand from smaller businesses, though larger commercial clients show more muted demand. The bank's subsidiary business overseas has the potential to double, and 7,000 companies are currently using its Erica virtual assistant, with plans for global expansion.
June 11, 2024 | 1:49 pm
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Bank of America reports healthy consumer status and increased loan demand from smaller businesses. The bank's overseas subsidiary business has the potential to double, and its Erica virtual assistant is used by 7,000 companies, with plans for global expansion.
The news indicates positive trends for Bank of America, including healthy consumer status, increased loan demand from smaller businesses, and potential growth in overseas subsidiary business. The expansion of the Erica virtual assistant also suggests innovation and growth potential.
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