The Latest Breaking News from Bank of America

Austrian minister says Russia will remain important for Europe

Russia will always remain important for Europe, Austria's foreign minister said, saying that to think otherwise was delusional.

Reuters · Mar 22, 2023

Older Americans protest against ‘dirty banks’ funding oil and gas projects

Protesters cut up credit cards and march to Washington branches of JPMorgan Chase, Citibank, Bank of America and Wells Fargo

The Guardian - US · Mar 21, 2023

Big banks must stop lending to Big Oil

Bank lending for drilling projects like Willow is not only bad for the environment. It will weaken the impact of a historic $370 billion investment our country will make in the next decade on green technology and alternatives to oil and gas.

Chicago Sun-Times · Mar 21, 2023

Ackman Says Bank Of America Will Buy Signature Bank Monday, Predicts Crisis Of Confidence

Billionaire investor Bill Ackman said Friday that Bank of America will buy Signature Bank on Monday as other banks face peril

Zenger · Mar 20, 2023

Big US banks benefit from surge in deposits after SVB and Signature Bank collapses

Though some consumers have pulled their money out of smaller banks, a Treasury official said those withdrawls have slowed

The Independent UK · Mar 16, 2023

US banks launch $30bn rescue of First Republic to stem spiraling crisis

Bank of America, Goldman Sachs, JP Morgan agree to prop up troubled bank after its shares tumbled amid wider turmoil

The Guardian - US · Mar 16, 2023

New CEO of failed Silicon Valley Bank was once fired from his Charlotte banking job

The new CEO of failed Silicon Valley Bank is a familiar name to many in Charlotte’s banking community — Tim Mayopoulos was fired as general counsel of Bank of America in 2008 in the midst of the financial crisis and escorted out of the office by an HR representative.

Tribune News Service · Mar 16, 2023

US banks are sacrificing poor communities to the climate crisis

It took decades to force banks to abandon racist redlining. We don’t have decades to avert catastrophic climate crisis

The Guardian - US · Mar 16, 2023

The real victims of SVB aren't the tech elite: Hardworking business owners share their horror stories of the bank's collapse

The Silicon Valley Bank bailout was not about solving a “1% problem.”

Fortune · Mar 15, 2023

Bank of America has raked in $15 billion in new deposits after SVB collapse

Sources familiar with the matter say former Silicon Valley Bank customers are looking to put their money in the safest institution possible.

Fortune · Mar 15, 2023