Bank of America CEO says company may consider acquisitions in payments
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FILE PHOTO: Bank of America Chair and CEO Brian Moynihan during an interview with Reuters during the 55th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 21, 2025. REUTERS/Cecile Mantovani/File Photo
NEW YORK (Reuters) -Bank of America could consider acquiring more payment businesses in the United States, but the bank is not looking at deals in overseas markets, CEO Brian Moynihan said on Wednesday.
"Maybe some payments capabilities, which we've acquired in the U.S. already, so I'll come back to that," he told a group of reporters during the company's investor day.
In 2021, BofA acquired Axia Technologies, Inca health care payment and technology company.
(Reporting by Saeed Azhar)
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