BofA Exec Sees AI Expanding Its Domination of Muni Underwriting (opens original article in a new tab)

Bank of America's executive says AI will help expand the bank's municipal underwriting business by improving efficiency and increasing market coverage.

• Bank of America's Matthew McQueen is exploring AI to expand the bank's municipal underwriting business.
• AI is expected to help respond to more requests for proposals from US municipalities, increasing business without hiring more staff.
• The growth of AI data centers may increase costs for non-digital infrastructure projects, affecting municipal bond issuance.