BREAKING
BofA Eyes AI for Muni Underwriting
0
B
2025 underwriting
0
B
2026 to date
0
+
pros nationwide
0
yrs
first overall since 2012
0
yrs
first in competitive
How AI Could Widen Coverage
1
Issuer sends RFP
↓
2
AI drafts proposal
↓
3
Serve more issuers
↓
4
Grow market share
Upside vs Open Questions
Opportunity
●
Faster proposal drafting
●
Reach thousands of issuers
●
JPMorgan, RBC also pursuing AI
Challenges
●
SEC oversight of munis
●
Compliance and explainability
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No product or timeline disclosed
Stated Intent, Details Awaited
AI NEWS BLITZ
Bank of America says it will use AI to expand its municipal bond underwriting nationwide.