● FoundedEmbedded finance
Amadeo Giannini founds the Bank of Italy in San Francisco to serve working-class immigrants.
1904–2026 in 6 milestones, 6 of them in payments, lending, licences or reported financials.
Amadeo Giannini founds the Bank of Italy in San Francisco to serve working-class immigrants.
Bank of Italy renamed Bank of America.
Acquired NationsBank: Merger of equals that created the modern Bank of America Corporation headquartered in Charlotte.
Source ↗Acquired Merrill Lynch: Acquired Merrill Lynch during the financial crisis, adding brokerage, wealth management, and investment banking.
Source ↗Announced global cross-border real-time payments solution for corporate/FI clients via Swift and CashPro, launching next quarter.
Source ↗Named as a founding member (one of 21 international financial institutions, alongside Capital One, Citi, Fidelity Investments, Goldman Sachs, PNC, Scotiabank, TD Bank Group, Wells Fargo, WisdomTree, Banco Santander, Bbva, Commerzbank, Deutsche Bank, Lloyds, Rabobank, Ubs, Mufg, Sirius International Holding, Standard Bank and Crédit Agricole) of a new joint venture to issue a stablecoin — name not yet disclosed at announcement. Initial focus on a USD-denominated stablecoin, with EUR the priority for later expansion; targets wholesale, institutional and retail use cases including cross-border payments and digital-asset settlement. Go-to-market targeted for H1 2027.
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