News Summary

• Bank of America is beefing up its software security against powerful AI models.
• CEO Brian Moynihan told analysts in a Wednesday earnings call that the bank had hired 1,000 extra staff for what he called "Mythos remediation" He did not say how much the initiative cost, but he said BofA had spent a "couple hundred million plus" to fix the software problems and address anti-money-laundering compliance issues that led to a $1.2 billion Treasury penalty.