Amid a work culture described as “increasingly stressful” due COVID-19 policies, one Bank of America employee has also reported that when using the corporation’s vaccination status tool, one must waive one’s Health Insurance Portability and Accountability Act (HIPAA) rights to proceed. “If you are like most people and you don’t read the fine print, you…
Bank of America Employee Describes ‘Increasingly Stressful’ Working Conditions and Mandatory Waiving of HIPAA Rights
December 14, 2021
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Consumers Are Spending ‘at a Faster Rate’: Bank of America CEO
December 13, 2021
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Bank of America Chairman and CEO Brian Moynihan says consumers are spending “at a faster rate” but that he is still concerned about rising inflation and supply-chain issues affecting the economy this winter. Moynihan told the Associated Press he sees robust consumer spending driving economic growth in the coming year, but said the recent decline in…
US Banks Release Glowing 3Q Earnings as Sector Moves on From Pandemic
From JPMorgan Chase to Citigroup, some of America’s largest banks released their quarterly earnings results this week, and the numbers suggest that these financial institutions are leaving behind the coronavirus pandemic. Bank stocks could extend their rally now that the latest figures show businesses and individuals are borrowing again. Bank of America Beats Analysts’ Forecasts…
Bank of America Cuts China Growth Forecast Under Evergrande Shadow
September 21, 2021
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Bank of America (BofA) cut its China growth forecast on Tuesday in response to intensifying troubles at property giant Evergrande, a fresh COVID-19 outbreak, and a widespread regulatory squeeze, going beyond warnings issued by other investment banks. While BofA trimmed its real gross domestic product (GDP) growth forecast for China for this year to 8.0…
Market Pulse: European Stocks Rise, Dollar Gains, Oil Inches Up
September 16, 2021
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European stocks rose on the morning of Sept. 16, oil prices inched up modestly after the previous day’s sharp gains, and the dollar ticked up as investors considered a mix of economic data and looked to next week’s Federal Reserve policy meeting that could provide clues for a rollback of stimulus measures. Oil prices inched…
Bank of America Predicts Oil Could Hit $100 per Barrel in Case of Severe Winter Cold Snap
Oil prices could top $100 per barrel in the event of a significantly colder-than-usual winter, Bank of America analysts said in a note cited by Reuters. Global crude oil demand could surge by up to 2 million barrels per day (bpd) in the event of a major winter cold snap, which could send oil prices…
Judicial Watch Sues to Obtain FBI Communications With Banks Over Jan. 6 Protesters
Judicial Watch is suing the Department of Justice (DOJ) for records of communications between the FBI and major banks that gave officials data on financial transactions on Jan. 5 and 6 by suspects linked to the Jan. 6 incursion on Capitol Hill. The Washington, D.C.-based government watchdog filed its suit after the FBI failed to…
Inflation Overtakes CCP Virus as Biggest Risk for Investors: Bank of America
Inflation has displaced the CCP virus as investors’ top worry, as Wall Street looks beyond the pandemic to the impact of the tidal wave of stimulus and the unleashing of pent-up demand as the economy recovers, a new Bank of America survey shows. The Bank of America’s most recent Global Fund Manager Survey (FMS) indicates…
Garden Grove Men Charged With Defrauding State Unemployment Agency for $500,000
January 25, 2021
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Two business owners are being prosecuted for allegedly facilitating false unemployment claims for COVID-19 relief money through California’s Employment Development Department (EDD). Orange County District Attorney (OCDA) Todd Spitzer made the announcement during a Jan. 25 press conference, where he said nearly $500,000 in cash and bank accounts was recovered during the investigation. Spitzer said…
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