Bank of America Eyes AI for 1 Municipal Bond Underwriting Push
Updated
Updated · Bloomberg · Jun 17
Bank of America Eyes AI for 1 Municipal Bond Underwriting Push
3 articles · Updated · Bloomberg · Jun 17
Summary
Matthew McQueen, who runs Bank of America’s public finance unit, is exploring artificial intelligence to widen the bank’s municipal bond underwriting reach across the US.
Thousands of state and local issuers regularly seek bankers through request-for-proposal processes, creating a fragmented market that is hard for banks to cover comprehensively.
The AI effort is aimed at helping Bank of America identify and pursue more of those underwriting opportunities, expanding its presence in public finance nationwide.