Panthers, David Tepper Get Approval for $650M Renovations to Bank of America Stadium
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Bleacher Report, Inc ^
| June 24, 2024 | DORIC SAM
The home of the Carolina Panthers will be seeing an overhaul soon. Per
Alex Zietlow of the Charlotte Observer, the Charlotte City Council approved a $650 million renovation plan for Bank of America Stadium on Monday by a vote of 7-3. Panthers owner David Tepper reacted to the news with a statement saying he's "proud" to remain in Charlotte for the foreseeable future: Per ESPN, the approval of the stadium renovation comes with an agreement that the Panthers will stay in Charlotte through 2045. Tepper, who has already invested $117 million in stadium upgrades, will make a payment of $150...
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Unbelievable moment sniper shoots through a computer monitor to kill suspect holding two Bank of America workers hostage at knifepoint after making bomb threats (Florida)
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Daily Mail ^
| 6/10/24 | James Gordon
Incredible footage has been released of the moment a sheriff's sniper killed a suspect by shooting directly through a computer monitor. Sterling
Ramon Alavache was holding two Bank of America workers in Florida at knifepoint while claiming to have a bomb. Officers had already tried to get the would-be bank robber to surrender but instead Alavache decided instead to take two hostages. The 36-year-old then put one of them in a headlock and held a knife to her throat - and that's when a SWAT team's sheriff's sniper decided to end the siege. With remarkable precision, the bullet was fired...
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25-year-old Bank of America trader dies — two weeks after death of Leo Lukenas
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NY Post ^
| 05/17/2024 | Lydia Moynihan
Adnan Deumic, a 25-year-old London-based trader at Bank of America died Thursday evening — just two weeks after the death of Leo Lukenas III, a banker who had been working 100-hour work weeks at the financial giant, The Post has learned. Deumic
was playing in a casual “five-a-side” charity soccer tournament with other finance employees when he fell suddenly and was administered CPR, a source with knowledge of the matter said. While the cause of death is unknown, this person told The Post cardiac arrest is suspected. “The death of our teammate is a tragedy, and we are shocked by...
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15 State Officials Warn Bank Of America About 'De-Banking' Of Christians
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Epoch Times ^
| 04/21/2024 | Naveen Arthappully
A group of 15 financial officials from 13 states sent a notice to Bank of America, raising concerns about the institution’s “de-banking” of Christians.“We write to express our concerns over Bank of America’s troubling track record of politicized de-banking. Bank
of America’s de-banking policies and practices threaten the company’s financial health, its reputation with customers, our nation’s economy, and the civil liberties of everyday Americans,” the officials wrote in an April 18 letter to Bank of America CEO Brian Moynihan.“We are especially troubled by Bank of America’s track record of discriminating against religious ministries. Notable examples include Memphis-based charity Indigenous...
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Bank of America denies it debanks customers for religious views, says nothing about whether it debanks for political views
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American Thinker ^
| 18 Apr, 2024 | Monica Showalter
Famously 'woke' Bank of America has been on the hot seat among a group of state attorneys general, who've demanded information about whom it debanks and why, charging that they target conservatives and faith communities. According
to Fox News: Over a dozen Republican attorneys general are warning a major U.S. bank against alleged practices of "de-banking" certain customers because of their religious or political views. In a letter obtained exclusively by Fox News Digital, Kansas Attorney General Kris Kobach, along with 14 of his Republican colleagues told Bank of America CEO Brian T. Moynihan that the company "appears to be...
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Bank of America Is an Active Enemy Combatant Targeting Conservatives
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Liberty Daily ^
| Apr. 17, 2024 | Ethan Huff
Legislators in Republican-led states want to know why Bank of America continues to de-bank Christians and conservative groups. 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 private consumer financial data to help the...
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‘Rather Despicable’: John Eastman Speaks Out After Bank Of America, USAA Shut Down His Accounts
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Daily Caller ^
| Reagan Reese
John Eastman, once an attorney for former President Donald Trump, was de-banked twice in the span of several months by two prominent financial institutions, Bank of America and USAA, he told the Daily Caller. His accounts were closed as he faced substantial backlash for his work advising Trump around the time of
the 2020 election.
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Wells Fargo, BofA and PNC among US banks to close 222 branches in just two months this year - setting America on course for a grim total of 1,300 by the end of 2024.... Here is the full list...
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Daily Mail ^
| 3/9/2024 | Neirin Desai
Banks are growing increasingly confident in the capabilities of online banking, according to Steven Reider, the founder and president of Bancography, an Alabama-based consulting firm that advises banks on branch planning and strategies. That
confidence can lead to significant savings since the average freestanding bank branch costs around $2.6 million a year. In just two months, Bank of America's 41 closures might have saved it almost $100 million. .....And now, credit unions are playing a more significant role than ever before - offering very similar services to traditional banks and eating up a share of the market. Unlike banks, their...
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Bank of America, Merrill Lynch and Wells Fargo Begin Offering Spot Bitcoin ETFs to Clients
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Bitcoin. Com ^
| Kevin Helms
Bank of America’s Merrill Lynch and Wells Fargo’s wealth management arm have reportedly begun offering some clients access to spot bitcoin exchange-traded funds (ETFs). Other investment platforms that offer some clients access to spot bitcoin ETFs include Fidelity, Charles Schwab, Robinhood Markets, and UBS. Major Banks Embrace Bitcoin ETFs Bank of America’s
investment arm, Merrill Lynch, and Wells Fargo’s wealth management unit have begun offering some clients access to SEC-approved spot bitcoin exchange-traded funds (ETFs), Bloomberg reported Thursday, citing people familiar with the matter. Clients must have brokerage accounts and specifically request the bitcoin ETFs. A representative for Wells Fargo...
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US Bank, Wells Fargo, Bank of America, Citizen, Chase and PNC are shutting hundreds of branches a year - here is what to do if your bank closes
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Daily Mail UK ^
| 19:45 EST, 31 January 2024 | NEIRIN GRAY DESAI - CONSUMER REPORTER
Banks are shutting hundreds of branches a year - this month some 41 closures were announced in a single week and among those affected were nine US Bank locations. Bank
of America, Chase, PNC, Citizen, Capital One, First National Bank of Pennsylvania and Huntington also said they were axing branches. Such closures deal a huge blow to customers looking to visit in person to submit a document, make a withdrawal or deposit, cash in a check or simply run through their finances with a trusted bank manager. Others, particularly the elderly, may struggle with accessing banking services online due to...
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Wild moment brazen thieves drag Bank of America ATM through streets of Oakland in broad daylight - just half a mile from In-N-Out Burger that's being shuttered due to soaring crime
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Daily Mail UK ^
| January 25, 2024 | Mackenzie Tatananni
hieves purloined an ATM from a Bank of America in Oakland in broad daylight, just down street from the city's only In-N-Out, which will soon close its doors amid soaring crime rates. Video
from the scene showed the ATM hitched to a white van with a cable, flying down the street as sparks sprayed from the pavement. The Bank of America on Hegenberger Road sported a boarded-up window following Sunday morning's break-in. Police said another ATM was stolen about an hour earlier from a nearby business and later recovered. Anthony Pearson was taken into custody in connection to the bank...
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Bank of America Initiates Layoffs in Asia Amid Market Woes… Economic Alarm Bells Ring with Fed Survey and Real Estate Downturn.
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Citizen Watch Report ^
Bank of America (BAC) has made headlines by announcing layoffs of approximately 20 bankers in Asia, marking the first major downsizing move in 2024. The
decision comes as China and Hong Kong markets continue to underperform, leading to a growing bearish sentiment among smart money players. This move sets the tone for potential shifts in the financial landscape as major institutions respond to market challenges. The economic landscape is painted with shades of concern as the Richmond Fed Survey reveals three consecutive declines. The performance post-lockdowns has experienced a downward trajectory since the 2008 Global Financial Crisis (GFC). This trend...
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Bank of America Says the S&P 500 Will Hit a New Record High in 2024
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Tip Ranks ^
| 12/07/23 | Michael Marcus
This has been a good year for stocks, no doubt about that. The
has gained 19% year-to-date, after a gangbusters November, and the outlook for December, while more moderate, remains positive. The markets have made these gains despite a strong set of headwinds, including the Federal Reserve’s turn to a policy of aggressive monetary tightening and interest rate hikes; the ongoing war in Ukraine; and now the flare-up of war in the Middle East. This stock rally is showing real strength, and the Street is now taking seriously the possibility of a ‘soft landing’ case, with inflation falling to the...
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Jim Jordan subpoenas Bank of America over sharing customer data with FBI
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Just the News ^
| November 16, 2023 | Ben Whedon
House GOP investigators in May launched a probe into the bank's voluntarily providing private consumer data to the FBI after reports made the move public. . House
Judiciary Committee Chairman Jim Jordan on Thursday served Bank of America with a subpoena, seeking information related to the firm's voluntary sharing of customer data with the FBI to aid its Jan. 6 investigations. "In 2021, BoA provided the FBI—voluntarily and without any legal process—with a list of individuals who made transactions in the Washington, D.C., metropolitan area using a BoA credit or debit card between January 5 and January 7, 2021," the...
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Breaking the Bank: The Unprecedented Bank Outages Sweeping America – A Winter of Financial Discontent
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American Media Group ^
| 11/09/2023 | Madeea Greere
[…]Small banks, the underdogs of the financial ecosystem, have been hit particularly hard. Rising
interest rates, which should spell prosperity for these institutions, have instead become harbingers of doom. Take the sad tale of Iowa-based Citizens Bank. Once a pillar of its community, now the fifth to fall this year, it has been declared insolvent.Regulators from the Iowa Division of Banking have unearthed significant loan losses, ones that had slithered undetected beneath the bank’s watch. Triggered by a spate of bankruptcies in the trucking sector, amidst a nationwide freight recession, the bank’s collapse is but a symptom of a much...
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U.S. Officials Fear American Guns Ordered by Israel Could Fuel West Bank Violence
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NY Slimes via Yahoo! ^
| November 6, 2023 | Edward Wong and Patrick Kingsley
WASHINGTON — An Israeli government request for 24,000 assault rifles from the United States is drawing scrutiny from American lawmakers and some State Department officials who fear the weapons might end up in the hands of settlers and civilian militias trying to force Palestinians from land in the West Bank, where violence
has been surging, U.S. officials say. The three proposed tranches of semi-automatic and automatic rifles are valued at $34 million and are being ordered directly from U.S. gunmakers, but they require State Department approval and congressional notification. Israel says the rifles would be used by the national police...
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Bank of America closes 21 branches in ONE WEEK while Wells Fargo shutters 15 - is your local on the list?
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Daily Mail ^
| 10/16/23 | Neirin Gray Desai
Major US banks are continuing to close branches across the US, leaving an increasing number of Americans without access to basic financial services. Bank
of America axed 21 branches in the first week of October, according to a bulletin published by the Office of the Comptroller of the Currency (OCC) on Friday. Wells Fargo shuttered 15, while US Bank and Chase reported closing nine and three respectively. In total, some 54 locations had either closed or were scheduled to close between October 1 and October 7. Of the overall closures, three were in Louisville in Kentucky. Eight of the 21...
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Bank of America closes accounts tied to Christian outreach ministry
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Christian Post ^
| August 24, 2023 | Ian M. Giatti
Did Bank of America discriminate against a Tennessee ministry over its Christian views or was it simply a business matter? Steve
Happ, board member and founder of Indigenous Advance, a Memphis-based charity that, along with Indigenous Advance Customer Center LLC, has partnered with and served indigenous people in Uganda since 2015 to provide basic needs and share the Gospel. Despite holding deposit and credit card accounts with Bank of America since its inception, Indigenous Advance received a series of letters in April in which the bank announced it was closing the group’s accounts within 30 days. According to the nonprofit...
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Christian nonprofit claims it was 'debanked' by Bank of America over its religious views
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Fox News ^
| 8/25/23 | Jamie Joseph
A Christian ministry claiming it was "debanked" by Bank of America filed a consumer complaint this week to Tennessee Attorney General Jonathan Skrmetti to determine whether their accounts were closed due to religious discrimination. Indigenous
Advanced Ministries – a Memphis, Tennessee-based nonprofit engaged in charitable efforts for orphaned children in Uganda through various partnerships – was warned without explanation by Bank of America in April that the organization was "operating in a business type we have chosen not to service at Bank of America" and would be closed within 30 days. In May, Bank of America sent another letter stating...
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'Debanking' row breaks out after Bank of America shuts down account for ultra-conservative Christian charity that serves impoverished Ugandans
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daily mail ^
A 'debanking' row has broken out after an ultra-conservative Christian charity which provides necessities to Ugandan orphans had its account shut down by Bank of America. Memphis-based non-profit Indigenous Advance Ministries has filed a complaint to the Tennessee Attorney-General's office over concerns its accounts were closed because the bank disagrees with its
'religious views.' The organization - which claims to have had a banking relationship with BofA since 2015 - purports pro-life and anti-same sex relationship values on its website. BofA firmly denies it 'debanked' the body over these views, telling DailyMail.com that 'religious beliefs are not a factor in...
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