08:22 AM EDT, 10/14/2024 (MT Newswires) -- Bank of America ( BAC ) has integrated its fintech investment banking team into its technology practice, moving about 50 bankers into its 200-member tech group, Bloomberg reported Monday citing global head of technology, media, and telecom banking Kevin Brunner.

The consolidation aligns financial-oriented tech companies with technology coverage due to the similar financial profiles of fintech and software companies, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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