JTN: Advocacy group Consumers’ Research this week launched an ad campaign against Bank of America seeking to highlight the firm’s environmental, social, and corporate governance (ESG) practices.
ESG investing involves the use of investor capital by an asset manager in select investments that focus not on maximizing returns, but on advancing political and social causes. The practice has attracted considerable scrutiny from Republicans, who argue it may constitute a breach of the firm’s fiduciary duty to investors.
Bank of America, the group contends, uses “its market power and resources to force its ideologically driven agenda on the American people” and “puts politics ahead of its customers.” more
abandoned them 20 years ago when they were caught giving accounts and credit cards to ILLEGAL ALIENS. Never set foot in a BofA since and never will. IF the rest of the citizens would do the same, they would be the next banking failure.
I’m with you, @Captain O. Not quite that long ago, I opened accounts with them because they were convenient to both home and work. Both branches were staffed by morons, and the branch managers were rude morons. Closed accounts, never looked back.
I’m with both of you, but why stop there, Chase Manhattan, Wells Fargo. Etc Etc. My bank has no no gun signs pasted on the windows. I walk in armed, and walk out the same way. BANK LOCAL. Avoid these globalist pieces of shit.
What bank is there as an alternative? Where we live the only ones in under 30 minutes’ drive are B of A, Wells Fargo and Chase (no better than B of A). That’s it.
Also, I signed up for text alerts from Consumers Research regarding companies to avoid and specifics about why. They have been around a long time and it has been pretty handy. They also have a website.
the only ‘local’ banks in my neck of the woods are Credit Unions
used to bank locally at the Farmers Mercantile Bank but it got gobbled up by Nations Bank … that sold it to PNC … before Nations bought … drum roll … BoA … not they’re BoA Corporation
went to a local/regional Credit Union … at least some of my $$$ stays in the community
Conservative Cowgirl, your bank no longer needs to be parked next to you to transact.
fun fact: BoA used to be Bank of Italy, established in SanFran, CA in 1904
… aaaaa, atsamata fa yu?
I guess if you have several links in your comment, it gets ,”awaiting moderation”.
Bank of Pensacola (old First Navy of…) for 40 years….
Navy Federal Credit Union for 38 years….
Instep Credit Union (old NAS NOLA CU) for 32 years….
yeah I’m kind of set in my ways.
Used Pentagon Federal CU, for about 20yrs, until retired in ’08. My longest continuing association is with USAA for nearly 38 yrs, since becoming eligible during my cadidiot stint. I have been long concerned with their long march to weaken the brand, but started transitioning away last year when it became painfully obvious USAA is gleefully becoming too big to care. First step was moving investments out, followed promptly by all banking. Plan to re-home all insurance later this year, as soon a can.
I now bank exclusively with several local credit unions and Amarillo National Bank. Maintaining a wary eye on ANB, however. They recently developed an appetite for snagging up smaller banks and opening branches, all the way down to Austin. There is something to be said about banking local where you can look them in the eye to resolve issues. Where you are known, they are known, and everyone knows where each other lives in the community, knows churches and kids schools. Makes mutual accountability a bit more organically innate.
IATS
TWD
Concerning BOA: While in college, we opened a joint account at a local education bank. Before I graduated it had mergered three times, ending up as BOA promptly left them for another local…at that time USAA mostly only did insurance. Funny thing about that BOA bank, they could not keep either staff or customers, and ANB eventually snagged it up as one of their first acquisitions.
Consumer’s Research really should dive into PayPal’s failure of its fiduciary duty to both customers and stockholders, as amply demonstrated last October. Nobody in their right mind should be using either PayPal or their Venmo subsidiary.
TWD
15 years ago the Party was formed in revolt against the plutocrat President giving $xx,xxx,xxx,xxx to his rich, incompetent management friends. A big TARP handout went to B f A! As well as other companies with incopetentmanagers!
Libs lie and say Party was anti GWB’s acolyte! TWICE in ’08 Party forcedGoldwater hating GOP candidate to not be able to finish his speech WHILE RUNNING FOR PRESIDENT- plutocrat “Dubya” was still President- in AZ!
Had GWB not given $xxx,xxx,xxx of my taxes to BofA zit would be very much smaller today. If not taken over by competent managers!
I NEVER VOTED FOR THE LEFTIST ‘DUBYA” AND HAVE NEVER REGRETTED MY VOTES!
For emphasis
The bailout of B of A was the force behind the formation of the TParty. It was months before the ’08 election!
I was there.
TParty
— — spell check changed my typing!
I proofed this before hitting enter it said Tparty spell check “Corrected’ my typing! Did not need correcting I meant Tparty!
Hey Gyrine! I disabled spellcheck. As a touch typist, it aggravates the sh…umm…snot out of me to discover a paragraph later spellcheck has ‘helped’ me out, usually changing my intended context in the same breathless nano-pulse.
While I am liking AI for standalone content creation assistance, the rush of integration into ALL aspects of our platforms will take this issue way beyond a simple proofread nuisance.
HooAh! (Never could get that OoRah thing to convincingly work)
TWD
What happened to my comment, posted yesterday, with links to non-woke right-leaning banks? It went from “awaiting moderation” to outer space, never to be seen again.
This we Defend
How do I disable it?
have not heard “Gyring’ in decades; m I think you’re almost as old as I.