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Bank of America stole $907 million from taxpayers by falsely certifying loans as compliant with federal law, lawsuit says

Bank of America whistleblowers say they were told to lie about mortgages

Bank of America seizes e-commerce funds of online gun parts retailer, says they 'shouldn't sell' guns

Bank of America engaged in blatant fraud involving home loan scheme, charge federal ...

Homeowners foreclose on Bank of America

June 08, 2011 - Homeowners foreclose on Bank of America

Wednesday, June 08, 2011 by: Neev M. ArnellTags: Bank of America, foreclosure, health news

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PULLING THE PLUG: Bank of America clients withdraw $2.3B from US securities, bank strategist says

April 16, 2023 -

BofA financial analysts led by Hall indicated that that was the second consecutive week of outflows, but they did not specify the reasons for the withdrawals.

However, data compiled by the bank showed clients sold both single stocks and exchange-traded funds (ETFs) for the second consecutive week while selling was broad-based across client groups, including institutions, hedge funds, retail and size segments.

The outflows come as uncertainty brews about the staying ...

Bank of America warns: Inflation genie is out of the bottle

September 30, 2022 -

"The inflation genie is out of the bottle," the bank wrote in a research note last week, emphasizing that it could be a long time before it "goes back inside the bottle" and everything comes back to normal.

BofA's team of analysts headed by Athanasios Vamvakidis found that in cases of inflation above five percent in advanced economies from the 1980s to 2000s, it took 10 years on average to bring inflation back down to two percent. "The consensus still expects G10 inflation ...

Bank of America analyst dubs Moderna stock price as ridiculous

August 19, 2021 -

Meacham wrote that Moderna's valuation went "from unreasonable to ridiculous." He pointed out that with the 11-year-old company's $195.56 billion value, it was worth more than other firms that have existed for a longer period. Meacham said Moderna exceeded the 40-year-old Amgen Inc. valued at $129.3 billion and the century-old Merck & Co. Inc. valued at $189.7 billion.

Moderna's stock prices shot up to about $484.87 after its two-dose mRNA vaccine received provisional ...

Bank of America flags “outrageous” unemployment fraud worth $2 billion

December 30, 2020 -

BofA Senior Vice President for State Government Relations Brian Putler wrote in a Dec. 7 letter to legislators that the bank arrived at the estimate after working with the California Employment Development Department (EDD) to institute various fraud prevention measures designed to detect fraud. The EDD has partnered with BofA to issue debit cards with unemployment benefits.

Putler's letter said: "As a result of these efforts, we have identified more than 640,000 accounts ...

Bank of America just shut down all bank accounts belonging to a Baptist Pastor because of his Christian beliefs

April 23, 2019 -

Pastor Anderson has not violated any policies published by Bank of America. In the coming weeks the bank plans to mail Pastor Anderson a cashier’s check for the current balance in the church’s accounts. In the meantime, the church cannot organize, pay bills, or give in any charitable way. Bank of America has given no official explanation for “de-banking” the church. The church has not been accused of money laundering or violating the Patriot Act. They have simply ...

FBI acquisition of customer data from Bank of America may be illegal

February 22, 2021 -

"The government's sweeping list of demands for Bank of America wasn't meant to detect criminal activity. It was meant to identify people simply for attending the rally on Capitol Hill. Most of those people broke no laws whatsoever. Instead, they simply traveled to Washington to show support for President Donald Trump and his efforts to remain in office," the article said.

"The FBI retaliated against this political speech by launching a far-ranging fishing expedition ...

Bank of America: US unemployment will climb to 5.6% by end of 2023

September 30, 2022 -

A research note from BofA's U.S. economics team headed by chief economist Michael Gapen stated that higher interest rates will make "a harder landing" more possible. The bank had been predicting a five percent unemployment rate for 2023, so the revised prediction amounted to a 12 percent increase.

Unemployment was at 3.7 percent in August 2022, an increase of 0.2 points from July of the same year. Prior to that month, however, the unemployment rate had consistently ...

Bank of America outage leaves customers with ZERO BALANCE in their accounts

October 07, 2024 -

According to the National Pulse, an "unknown number" of BofA account holders experienced the glitch on Oct. 2. Thousands of customers reported being unable to access their bank accounts, while those who were able to do so found that they either had zero or missing balances.

Many complained of outages and disruptions online, posting their predicament on the Downdetector website. Others took to social media platforms X and Reddit to express their concerns. While some users ...

Bank of America de-banks conservative Christian charity that serves impoverished Ugandans

August 28, 2023 -

Indigenous Advance Ministries (IAM), a Memphis-based non-profit organization that provides necessities to Ugandan orphans, reportedly lost it bank account at Bank of America, despite maintaining a business relationship since 2015.

The group touts pro-life and anti-LGBT messaging on its website, which is believed to be the impetus behind its targeting by Bank of America. IAM has since filed a complaint with the Tennessee Attorney General's office over ...

Bank of America defends making 170 donations to Planned Parenthood abortion company

April 30, 2019 -

(Article by Peter Hasson republished from LifeNews.com)

Tax documents for Bank of America’s nonprofit arm, published by conservative activist group 2ndVote, show the bank donated over $50,000 to various Planned Parenthood affiliates in 2017, the most recent year available.

A conservative shareholder, Justin Danhof, asked Bank of America executives about the donations during a question-and-answer session at the meeting. Danhof, who is also general ...

Bank of America whistleblowers say they were told to lie about mortgages

July 30, 2013 - Bank of America whistleblowers say they were told to lie about mortgages

Tuesday, July 30, 2013 by: J. D. HeyesTags: Bank of America, housing bubble, home foreclosures

Homeowners denied en masse

Still 'too big to fail'

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Bank of America whistleblowers say they were told to lie about mortgages

July 30, 2013 - Bank of America whistleblowers say they were told to lie about mortgages

Tuesday, July 30, 2013 by: J. D. HeyesTags: Bank of America, housing bubble, home foreclosures

Homeowners denied en masse

Still 'too big to fail'

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Bank of America caught illegally sending private purchase data of Capitol protesters to feds

February 10, 2021 -

According to Fox News host Tucker Carlson, BofA jumped at the opportunity to pore through its customer database and identify "suspects" who traveled to D.C. in early January. It then handed this personal information over to the feds as part of an investigation.

BofA reportedly flagged customer records if they contained indicators of travel to D.C. between Jan. 5-6; purchases of hotel, Airbnb, or VRBO accommodations during this time; any purchases of weapons between ...

Trump takes on Bank of America: Holding corporate giants accountable for conservative exclusion

January 28, 2025 -

In a dramatic moment at the World Economic Forum in Davos, Switzerland, President Donald Trump delivered a powerful rebuke to Bank of America CEO Brian Moynihan, accusing the financial giant of systematically excluding conservatives from its services. The confrontation, which unfolded during a live Q&A session with corporate leaders, underscored a growing rift between conservative Americans and the nation’s largest financial institutions.

Trump, ...

Calls to BOYCOTT Bank of America grow amid its discrimination targeting Trump supporters

April 23, 2024 -

"Multiple MAGA profiles and Republicans have criticized the bank in recent days over claims … that it is allegedly engaging in a practice called 'de-banking' because of customers' religious and political beliefs," Newsweek reported. The magazine added that BofA has denied the allegations.

John Eastman – a former legal counsel for Trump – said his BofA and United Services Automobile Association (USAA) accounts had been closed. Eastman alleged that the closure of his two ...

Bank of America is an active enemy combatant targeting conservatives for financial deplatforming

April 17, 2024 -

In a letter led by Kansas Attorney General Kris Kobach, the dozen some-odd "red" states asked the financial institution to release all documents related to its account cancellation policies. The letter also petitions Bank of America to update its terms of service to prohibit discrimination against clients based on their political or religious affiliation.

The issue came to a head after it was revealed that Bank of America sent the FBI and the U.S. Treasury ...

Bank of America experiences disruption in online transactions, customers report funds missing from accounts

January 19, 2023 -

The website DownDetector, which monitors the online statuses of websites, noted that Bank of America started experiencing problems around 1:40 a.m. on Wednesday, Jan. 18. Sixty-six percent of the reports the website received indicated there was an issue with funds transfers.

Individuals took to social media and to local media outlets to share messages received from Bank of America. Some of the affected individuals even reported negative bank balances, ...

Bank of America engaged in blatant fraud involving home loan scheme, charge federal prosecutors

October 30, 2012 - Bank of America engaged in blatant fraud involving home loan scheme, charge federal prosecutors

Tuesday, October 30, 2012 by: Ethan A. Huff, staff writerTags: Bank of America, mortgage fraud, criminal charges

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