Free Republic

Bank of America will match the US government’s $1,000 contributions to Trump accounts for eligible employees, according to an internal memo sent to staffers Wednesday morning. The bank will also let employees make pre-tax contributions to these savings accounts for kids through payroll deductions, a copy of the memo obtained by The Post showed. As of July 4, a new program approved as part of President Trump’s One Big Beautiful Bill Act will allow parents to open tax-advantaged investment accounts for kids under 18 with Social Security numbers. For children born from 2025 through 2028, the US Treasury will seed...

"You're heading into 2026 with one of the biggest banks on Wall Street telling you the economy can ran stronger than most people expect. Bank of America's Global Research team used its December 2025 outlook to stake out a clearly bullish position on next year's growth, especially in the US." Average inflation over the last 20 years: 2.52% Inflation today: 2.7% Not the end of the world.

The House Oversight Committee issued subpoenas to banks asking for the Biden family's financial records. Fox News has confirmed that the Oversight Committee subpoenaed Bank of America, Cathay Bank, JPMorgan Chase, HSBC USA N.A., as well as former Hunter Biden business associate Mervyn Yan asking for financial records. Rep. Jamie Raskin, D-Md., the top Democrat on the Oversight Committee, complained that Committee Chairman James Comer, R-Ky., was trying to hide information regarding the investigation from Democrats on the committee. In a statement to Fox News, Comer said "Ranking Member Raskin has again disclosed Committee’s subpoenas in a cheap attempt to...

The scale of the effort to “debank” Donald Trump because of pressure from Biden administration regulators went far beyond JPMorgan and Bank of America, The Post has learned. At least 10 other financial institutions closed their windows to the billionaire real estate tycoon over his role in the Jan. 6 Capitol Hill ­melee. The moves came in the months after Trump left the White House in 2021, sources inside the Trump Organization told me. The stunning scale of the blacklisting is being revealed here for the first time. ... It should be reported as much as possible for the simple...

The NYC Partnership threw a party — but no one really showed up. A who’s who of the New York City business community were no shows for a Tuesday meet and greet session with socialist democratic mayoral nominee Zohran Mamdani. The list of New York City-based CEOs that declined the Partnership’s invitation includes Jamie Dimon, the nation’s top banker and chief of JP Morgan, the nations largest bank; Steve Schwarzman, the CEO of private equity powerhouse Blackstone; Brian Moynihan, the head of Bank of America, the nations second largest bank; Larry Fink, the CEO of Blackrock, the worlds largest asset...

Even as other banks are backing down, the bank that debanked us doubles down. Last spring, 15 state attorney generals wrote to Bank of America warning that its politically motivated debanking targeting conservatives and religious people was under the looking glass. After taking office, President Trump directly challenged Bank of America CEO Brian Moynihan to stop discriminating against conservatives. “I hope you start opening your bank to conservatives, because many conservatives complain that the banks are not allowing them to do business within the bank. What you’re doing is wrong.” But instead of ending its political discrimination, BOA launched a...

The Gateway Pundit has uncovered alarming evidence of Bank of America’s extensive ties to the Chinese Communist Party (CCP). Through its investments, board member connections, and collaborations with CCP-linked organizations, one of America’s largest banks appears to have placed profits above national security, raising serious questions about foreign influence. Bank of America’s entanglement with the CCP dates back to 2005, when it invested $3 billion in China Construction Bank (CCB), the second-largest bank in China at the time. This unprecedented investment, which marked the largest-ever foreign financial deal in China, signaled a willingness to align with CCP interests to gain...

By debanking conservatives, JPMorgan and Bank of America may be “debanking” themselves, On The Money has learned. It all stems from a raft of bad publicity that began with President Trump’s statements in Davos a couple of weeks ago, accusing the nation’s No. 1 and No. 2 banks of canceling accounts of conservatives. It continued with Wednesday’s Senate Banking Committee hearing on the matter. The result: Some customers began to flee the big guys, and at least one beneficiary has been to a small online bank that is beginning to make a name for itself in conservative circles by claiming...

President Donald Trump attacked Bank of America for failing to lend to conservatives during a sudden attack during a livestream speech to execs and elites in Davos. The sudden blast came in an angry speech where Trump vowed to slap tariffs on countries that don't manufacture inside the U.S. and demanded OPEC lower oil prices. During a question-and-answer period, the bank's CEO Brian Moynihan asked a softball question about how his executive orders would impact his push for economic growth and market growth. Trump responded, then told him: 'I hope you start opening your bank to conservatives … they don’t...

Not soon after the general election, and within two weeks of each other, two major financial institutions have left a United Nations Net Zero Banking Alliance (NZBA). This is after they joined three years ago, pledging to require environmental social governance standards (ESG) across their platforms, products and systems. According to the "bank-led and UN-convened" NZBA, global banks joined the alliance, pledging to align their lending, investment, and capital markets activities with a net-zero greenhouse gas emissions by 2050, NZBA explains. Since April 2021, 145 banks in 44 countries with more than $73 trillion in assets have joined NZBA, tripling...

On the face of it, Wall Street seems to like Bank of America CEO Brian Moynihan. Last week, the nation’s second-biggest bank said its earnings fell less than expected, and the media portrayed it as a victory. The stock went up. Ask analysts and investors, and there’s a vague consensus: Hey, the CEO has been there for 15 years. Let the board grant his wish: Let him run the place for five more — until he’s 70. Inside, however, the troops are getting restless, and for plenty of reasons. Culturally, Moynihan is an odd fit for an outfit that’s based...

Aug 28 (Reuters) - Billionaire Warren Buffett's Berkshire Hathaway (BRKa.N), has sold some more shares of Bank of America (BAC.N), opens new tab over the past few days, raking in $981.9 million, as the conglomerate continues to trim down its stake in the second-largest U.S. lender. Berkshire has now shed about $5.4 billion worth of Bank of America shares in a string of sales since mid-July. The conglomerate sold about 24.7 million shares of the lender between Aug. 23 and Aug. 27, according to a regulatory filing on Tuesday.

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...

Citigroup CEO Jane Fraser got a 6% pay bump for her performance in 2023, a year the bank's profits dropped 38% and Fraser began a dramatic restructuring that will result in an estimated 20,000 job cuts. The board awarded her total compensation of $26 million, ... The $26 million for Fraser was the lowest among CEO rivals at JPMorgan Chase, Bank of America, Wells Fargo, Goldman Sachs, and Morgan Stanley, who received between $29 million and $37 million. Bank of America's Brian Moynihan was the only CEO among this group to experience a compensation decline. ... Fraser had a lot...

State officials have threatened legal action against nonprofit climate alliances and banks’ participation, highlighting the contentious relationship between environmental initiatives and economic interests.

@RudyGiuliani : A meeting is coming out in 1-2 days in State Dept. in which Hunter snuck in the back door ... That meeting took place with Tony Blinken."

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...

JPMorgan Chase admitted to pressuring the financial software company Intuit into preventing gun sellers from using the company’s payment processing services, according to a letter Sen. Ted Cruz sent Monday after looking into the policy. Bank of America, meanwhile, denied pressuring Intuit into banning gun manufacturers from using its famous QuickBooks software. “Woke big banks are increasingly weaponizing their power to cut off law-abiding businesses from accessing banking services,” Cruz, R-Texas, told The Daily Signal in an email statement Monday. [snip] Intuit, the financial software company best known for producing QuickBooks, had adopted an acceptable use policy previously listing “guns...

Banks routinely snitch on customers and even deny services to people politicians don’t like. The House Judiciary Committee is investigating banks for sharing Americans' financial information with the FBI without regard for privacy concerns. In fact, there's no doubt about the threat to civil liberties posed by the government's leverage over the financial industry; that's long established. At question in this investigation is whether the danger to our freedom inherent in that cozy relationship is being wielded in political warfare between the country's political factions. But the larger problem should be fixed no matter what lawmakers discover. "Today, Chairman Jim...

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...