CompaniesChanticleerChanticleerInvestment banking’s an AI play now, too. Just ask Bank of AmericaThe booming artificial intelligence trade is powering Bank of America’s growth in Asia. But here, the firm has followed a different strategy to become the largest foreign bank.Jin Su, Bank of America’s president of Asia Pacific, has a stunning statistic on how the centre of gravity of global financial markets is shifting. In the first half of the year, $US53 trillion ($73 trillion) of equities were traded in North America. Across Asia, trading volumes hit $US52 trillion.The reason? Artificial intelligence.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In Financial servicesFetching latest articles
Investment banking’s an AI play now, too. Just ask Bank of America
The booming artificial intelligence trade is powering the group’s growth in Asia. But here, it has followed a different strategy to become the largest foreign bank.
TL;DRAI
Bank of America leads Asia investment banking as AI rebalances trading: H1 volumes $52T, nearly matching North America's $53T. This signals CTO and capital market leaders must recalibrate strategy and risk frameworks for AI-driven, Asia-centric markets.
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