Without transparency, banks will continue to find themselves as political prey [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
Right now, it is Bank of America (BoA) that is facing allegations of ‘discriminatory' de-banking. In April 2024, the bank received an open letter from Kansas Attorney General (AG) Kris Kobach, who argued that BoA has been de-banking customers based on their political and religious beliefs without clear explanation or warning. The letter was co-signed by AGs across an additional 14 Republican states. The letter claims that Christian groups and individuals who align with certain political beliefs are being discriminated against by the bank. Deeming it ‘un-American,' AG Kobach claims BoA's actions are a threat to free speech and religious freedom and has asked the bank to show regulatory transparency to ensure this alleged practice does not continue. However, BoA has denied any claims of de-banking. The NatWest/Farage de-banking scandal It was not long ago that the UK had its own a de-banking scandal, with NatWest and Coutts finding themselves defending their decision to de-bank
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News
- Angeles Ventures Fund I Has Closed an Equity Investment from Bank of America [Yahoo! Finance]Yahoo! Finance
- Bank of America Announces Full Redemption of its Series JJ Preferred Stock and Series U Preferred Stock and Related Depositary Shares [Yahoo! Finance]Yahoo! Finance
- Bank of America Announces Full Redemption of its Series JJ Preferred Stock and Series U Preferred Stock and Related Depositary SharesPR Newswire
- The Number One Things You Need To Look At When Selecting A Bank [Forbes]Forbes
- Bank of America (BAC) Up 10.5% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 5/16/24 - Form FWP
- 5/16/24 - Form 424B2
- 5/16/24 - Form 424B2
- BAC's page on the SEC website