Add Yahoo as a preferred source to see more of our stories on Google. NEW YORK (AP) -- H&R Block said Thursday it has a new deal to sell its banking business, this time to BofI Holding Inc., the ...

H&R Block, Inc. ( HRB) announced the signing of a deal between H&R Block Bank and BofI Federal Bank. Per the deal, H&R Block Bank will divest certain of its assets and liabilities to the latter.

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Bank of America reconsidered its rating on Block due to rising Cash App engagement and AI-driven efficiency gains.

H&R Block has again found a buyer for its Kansas City-based H&R Block Bank. The deal is with BofI Federal Bank, which is based in San Diego and operates principally as an online bank called Bank of ...