Matthew McQueen, the head of Bank of America’s public finance department, says he is looking to artificial intelligence to expand the bank’s underwriting business nationwide, according to reports from Bloomberg and the Financial Post. McQueen’s comments focus on using AI to strengthen Bank of America’s position in municipal (muni) underwriting. Both outlets describe him as aiming to extend the bank’s underwriting dominance across the country, while framing AI as a tool that could support that growth. The coverage is consistent in identifying McQueen’s role within Bank of America’s public finance organization and in linking his underwriting ambitions to AI adoption. Neither report provides specific details on timelines, the scope of implementation, or measurable targets for the impact of AI on underwriting volumes or market share. Overall, the reports present McQueen’s perspective on how AI could enhance underwriting capabilities and help the bank expand its public finance footprint.
BofA Public Finance Head Says AI Could Expand Muni Underwriting Business
Matthew McQueen, the head of Bank of America’s public finance department, says he is looking to artificial intelligence to expand the bank’s underwriting business nationwide, according to reports from...
- Matthew McQueen oversees Bank of America’s public finance department.
- He says artificial intelligence could be used to expand the bank’s underwriting business.
- The expansion is described as applying across the country.
- Both outlets link the effort to municipal (muni) underwriting and Bank of America’s market position.
- The reports do not specify timelines or detailed implementation plans.
Matthew McQueen, who oversees Bank of America Corp.’s public finance department, is looking to artificial intelligence to expand the bank’s underwriting business across the country.
14 hours agoMatthew McQueen, who oversees Bank of America Corp.’s public finance department, is looking to artificial intelligence to expand the bank’s underwriting business across the country.
14 hours ago
US says it used xAI’s Grok Gov Model in Iran strikes
The U.S. Department of Defense says it used xAI’s “Grok Gov Model” as part of military operations in the war on Iran, ac...
Tim Cook says Apple will raise product prices due to memory chip shortage
Apple CEO Tim Cook says Apple will raise prices on some or all products as component costs for memory and storage chips...
Reports say Nagoshi Studio’s Gang of Dragon has been quietly cancelled
Multiple outlets report that Nagoshi Studio’s upcoming PS5 game, “Gang of Dragon,” appears to have been cancelled or is...