Recent events
Recent events tied to this brand in public sources.
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2021
Bank of America announces partnership with Paxos for stock-trade settlements
Bank of America announced a partnership with Paxos Trust Co for instant stock-trade settlements, using Paxos’s settlement services.
2021
Bank of America announces acquisition of Axia Technologies
Bank of America announced a deal to acquire privately held Axia Technologies, also known as AxiaMed. The purchase price was not disclosed.
2021
Bank of America acquires Axia Technologies
Bank of America said it had acquired Axia Technologies Inc., a healthcare payment and technology company. The terms were not disclosed.
2021
Bank of America plans to increase affordable homeownership initiative funding to $15 billion
Bank of America announced plans to increase funding for its Community Homeownership Commitment from $5 billion to $15 billion, with the stated aim of helping 60,000 people buy homes through 2025.
2021
Lightsource bp closed financing for US solar farm projects
Lightsource bp reached financial close on financing for solar projects in the United States; the article states that construction had started and commercial operation was expected by late 2021.
2021
Bank of America sued over EDD debit-card fraud
A San Francisco real estate agent sued Bank of America and sought class-action status, alleging the bank failed to implement standard security measures to guard against fraud affecting EDD debit-card holders.
2020
Bank of America codifies its Arctic oil and gas financing policy
Bank of America said it would codify its existing practice of not participating in project finance for oil and gas exploration in the Arctic into policy. The article reports that environmental campaigners had criticized the bank for not previously ruling out financing for drilling in the Arctic refuge.
2020
Report alleges US financial firms funded Amazon-linked abuses
A report by Amazon Watch and the Association of Brazil’s Indigenous Peoples alleged that six US financial firms invested more than US$18 billion over three years in companies involved in abuses in the Amazon, including environmental destruction and indigenous rights violations. The report named BlackRock, Citigroup, JPMorgan Chase, Vanguard, Bank of America and Dimensional Fund Advisors; BlackRock said it engages with companies on ESG risks and takes voting action when needed.
2020
Bank of America acquired a stake in Emirates NBD
Bank of America acquired about 1.51% of Emirates NBD for AED 900 million, according to an anonymous source cited by Arabian Business.
2020
FINRA fines Bank of America over mutual fund sales fees
FINRA fined Bank of America $7.23 million after the bank failed to waive mutual fund sales fees for certain accounts, resulting in excess charges to more than 13,000 mutual fund customers.
2020
Bank of America pledges $1 billion for communities affected by inequality and the pandemic
Bank of America said it would pledge $1 billion over four years to address economic and racial inequalities exacerbated by the coronavirus pandemic, including by expanding health services in minority communities and supporting small businesses affected by the virus.
2020
Ten banks sued over alleged corporate bond market price coordination
A class action lawsuit was filed in Manhattan federal court against ten banks, including JPMorgan Chase and Bank of America, alleging that they conspired over nearly 14 years to manipulate prices in the $9.6 trillion corporate bond market. These are allegations in the complaint, not a court finding.
2020
Xerox secures financing commitments for proposed HP acquisition
Xerox told HP’s board that it had obtained $24 billion in binding financing commitments from Citi, Mizuho and Bank of America to finance its proposed acquisition of HP. The article describes the acquisition as a proposal, not a completed transaction.