Bank of America was just fined millions for doing all sorts of weird things like opening secret accounts in customer names, charging dubious overdraft fees and engaging in other disreputable practices.
Bank of America must pay more than $100 million to customers for double-dipping on some fees, withholding reward bonuses and opening some accounts without customer consent. The bank serves 68 million people and small business clients. https://t.co/ivtoIOKHNr
— The Associated Press (@AP) July 11, 2023
All banks are terrible and generally suck. They’re primarily run by Jewish criminals and other scumbag assholes. That’s why things like this keep happening over and over again. They’re probably laughing at this fine. Nobody will go to prison for opening up fake accounts even though a single person engaging in this type of criminality would have been put a way for years.
You do have to wonder about the solvency of Bank of America if they are resorting to these weird practices. There are people saying that their bottom line took a big hit with all the bonds they had on their books.
Bank of America, $BAC, is nursing at least $100 billion in paper loss after big bet in bond market three years ago, per FT.
— unusual_whales (@unusual_whales) June 30, 2023
