Banking, finance, and taxes
As Shareholders Bleed To Death, Bank Of America (BAC) Honored For Environmental Commitment
Published:
Last Updated:
Why any bank which has undermined the value of its shares by poor management and taken billions of dollars in low-cost loans from the Fed would promote it environmental intiative is beyond imagining.
Bank of America (BAC) will be honored for its environmental commitment at a special reception on Monday, August 25, 2008 during the upcoming Democratic National Convention in Denver.
At least shareholders know the bank like Obama.
In March 2007, Bank of America announced $20 billion, 10-year environmental initiative to address global climate change by encouraging the development of environmentally sustainable business practices through innovative lending and investment strategies, the creation of new products and services, and operations.
Since March, the bank’s shares are down 40%.
Bank of America needs a new PR staff.
Douglas A. McIntrye
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
