We think that like the game of snakes and ladders, 2025 will see many ups and downs for the luxury sector,” Bank of America analysts said.

Big banks, such as Bank of America, are far more complex. They touch almost every aspect of the economy, including personal and business banking, mortgages, student loans, commercial real estate, and the financial markets. Banks can be very lucrative when the economy is firing on all cylinders, and people and businesses borrow a lot.

Arabian Business unveils its 2025 list of 100 Most Inspiring Women, showcasing the female leaders transforming the Middle East through innovation, resilience, and empowerment

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ShareAuthorities in the United States have auctioned a luxury wristwatch and a necklace seized from Abidemi Rufai, a former Ogun State official who served a jail term in the United States of America.

Based on his plea agreement with the prosecution, Rufai agreed to pay the defrauded agencies the full restitution of $604,260.

Based on his plea agreement with the prosecution, Abidemi Rufai agreed to pay defrauded agencies full restitution of $604,260.

The Bank of America CEO has hinted that traditional financial institutions are open to embracing crypto payments if U.S. financial regulators allow.

Brian Moynihan, CEO of Bank of America BAC, on Tuesday indicated a willingness for the U.S. banking sector to fully incorporate cryptocurrencies into payment systems. This comes with a crucial condition: clear regulatory approval.

Bank of America CEO Brian Moynihan says US banks will start providing crypto payment services if federal regulators ever approve it.