A widespread outage affected Bank of America customers on Wednesday, preventing them from accessing their accounts and leaving many seeing zero balances. While the bank has addressed the issue and claims it’s largely resolved, the cause remains unknown. The outage highlights the potential disruption of online banking services and comes at a time when Bank of America is expanding its retail banking presence.
Results for: Retail banking
Bank of America is expanding its retail banking footprint by opening new financial centers across the US, with a particular focus on Kentucky. This expansion is part of a broader strategy to invest in its physical presence and boost its wealth management services.