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BofA customer opens mobile app, finds an extra $2.45bn

Bloomberg Days after Citigroup Inc. made headlines for accidentally sending $900 million to a group of lenders, a Bank of America Corp. (BofA) customer in Massachusetts opened his account to find an even bigger cash infusion: $2.45 billion. But the money was never really there. “This was a display error and nothing more than that,” Bank of America spokesman Bill ...

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Canada banks to improve from Covid quarter

Bloomberg Canada’s biggest banks are expected to see profits plunge for a second straight quarter due to economic fallout from the Covid-19 pandemic — though there are signs of improvement. The nation’s six-largest lenders will post an average profit decline of about 30% in the fiscal third quarter from a year earlier when they kick off the reporting season next ...

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Apple reverses move for WordPress to add in-app payments

Bloomberg Apple Inc. reversed course on a decision to force popular blogging platform WordPress to add in-app purchases to its app, a move that could help lessen tensions between Apple and developers amid a public battle with Epic Games. The WordPress said that Apple had informed it that it had 30 days to add in-app-purchases to its application, which would ...

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