Bank of America reported its fourth-quarter 2019 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200115005410/en/

• Bank of America newsroom at https://newsroom.bankofamerica.com
"...

The World Bank, on Wednesday, slashed the growth forecast for the UAE, GCC, and Middle East and North Africa (Mena) region for 2020 and 2021, due to geopolitical tensions and lower oil demand amidst a weakened global growth.

It slashed the UAE's growth estimates for 2019, 2020, and 2021 by 0.8 per cent, 0.4 per cent, and 0.2 per cent respectively, from its June 2019 forecast. In its January 2020 Global Economic Prospects report, released late"...

VakıfBank, Turkey's fourth-largest bank, introduced a new banking assistant, “ViBi” to its mobile banking app, which currently has 4.2 million users. The assistant, developed in partnership with Sestek, a leading AI and speech technologies company. The “mobile banking assistant” which went live in only 8 months, can answer more than 5,000 questions and perform more than 300 banking transactions. Thanks to Sestek’s conversational AI technologies, VakıfBank customers can interact with ViBi"...

Two more consortiums said they submitted bids for digital banking licences in Singapore as companies ranging from a massage chair maker to a property giant and Chinese FinTech firms joined forces to go for the sought-after permits.

Beyond Consortium, led by one of Asia’s largest massage chair makers, V3 Group and stored-value card company EZ-Link, submitted a bid to the Monetary Authority of Singapore for a digital full bank license, according"...

BEIJING: China’s central bank will use the loan prime rate (LPR) as a new benchmark for pricing existing floating-rate loans, in a step that analysts say could help lower borrowing costs and underpin economic growth.
Beijing has unveiled a raft of pro-growth measures this year, including tax cuts, more infrastructure spending, and reductions in the amount of cash banks must keep on reserve and lending rates to boost credit.
Starting on Jan. 1, financial institutions will be prohibited from signing floating-rate"...

LONDON: Britain’s new government named Andrew Bailey as the next Bank of England boss on Friday, entrusting one of the City of London’s most experienced regulators with steering the world’s fifth-biggest economy and its vast finance industry through Brexit.
Bailey worked for 30 years at the BoE, where he was central to efforts to shore up the British banking system during the global financial crisis. In 2016 he moved to his current role running the Financial Conduct Authority, which is responsible"...

SWIFT, the world’s leading provider of secure financial messaging services, has announced the opening of its global Know Your Customer (KYC) registry to SWIFT-connected corporate groups, enabling them to manage and share KYC data with their banking partners across the globe.

The go-live for corporates follows a successful testing period with 18 leading corporate groups including Saudi Chevron Phillips Company, BMW, Spotify and Unilever which was supported by 16 global banks representing 7,000 corporate"...

There is scope in India for cutting interest rates further and the central bank will use it when required after studying growth and inflation data, the Reserve Bank of India's (RBI) governor, Shaktikanta Das, said on Monday.

The monetary policy committee (MPC) surprised markets and analysts this month by holding rates steady after trimming the key interest rate by 135 basis points since the beginning of the current rate reduction cycle in February.