Bank of America Facts
Approximately this many employees work for Bank of America worldwide.
What is 212,000?
The Federal Reserve introduced CCAR in this year to formally assess the capital adequacy of large bank holding companies.
What is 2009?
This is selected when it is impractical to test every item in a population.
What is a sample?
The most up-to-date version of Copilot used by our organization is based on this AI model.
What is ChatGPT 5.5?
This South American nation is the only country to have appeared in every Men's FIFA World Cup tournament.
What is Brazil?
As of 2025, Bank of America maintains ongoing relationships with this percentage of Global Fortune 500 companies.
What is 78%?
This independent function is responsible for evaluating models and methodologies and challenging their soundness and fitness for intended use.
What is Model Risk Management (MRM)?
This term describes a condition where the control did not operate as designed or expected.
What is an exception?
According to audit guidance, this control requires a human to review AI-generated outputs before relying on them .
What is Human-in-the-Loop review?
This country both hosted and won the inaugural FIFA Men's World Cup in 1930.
What is Uruguay?
Bank of America holds approximately this many granted patents and pending patent applications.
What is 8,400?
Name the five hypothetical baseline and stress scenarios used in CCAR, consisting of two supervisory scenarios and three internal Bank of America scenarios.
What are SUP-BL, SUP-SA, BAC-BL, BAC-A, and BAC-SA?
This type of control is performed by a system rather than manually by a person.
What is an automated control?
This skill is defined as crafting clear, specific instructions to obtain accurate and useful AI responses.
What is Prompt Engineering?
This superstar is the only player in history to score in Men's World Cup matches in his teens, 20s, and 30s.
Who is Lionel Messi?
Bank of America operates approximately this many financial centers and ATMs across its network.
What are 3,500 financial centers and 15,000 ATMs?
These are the five major steps in the stress testing process used for CCAR.
What are Risk Identification, Scenario Generation, Forecast Production, Forecast Aggregation, and Capital Plans?
This is the process of identifying and evaluating risks that may impact a business process.
What is a risk assessment?
This AI risk occurs when a model generates information that sounds plausible but is actually incorrect or fabricated
What is hallucination risk?
Having hosted the tournament in 1970, 1986, and 2026, this nation has hosted the Men's World Cup more times than any other country.
What is Mexico?
In this year, Bank of America launched the first BankAmericard, which later evolved into the VISA network.
What is 1958?
These are the three main principles of CCAR.
What are:
(1) assessing whether banks possess adequate capital for their needs, both now and in the future,
(2) reviewing the capital structure and stability under various stress-test scenarios,
(3) assessing planned capital distributions, including dividends and share repurchases, for viability against minimum capital requirements.
This method gives the auditor the strongest comfort because the auditor independently performs the control activity again.
What is re-performance?
Of Bank of America's annual technology budget, this amount is allocated to new initiatives, including AI.
What is $4 billion?
The United States achieved its best-ever Men's World Cup finish in 1930 by reaching this stage of the tournament.
What are the semifinals?