Why Bank Of America Is In Huge Trouble

Why Bank Of America Is In Massive Trouble

Bank of America is in massive trouble! But why? And what does it mean to you? Declining customer trust, increasing competition from online banks and Warren Buffet selling large amounts of Bank Of America stock are a couple of the reasons, but that is just the tip of the iceberg!

Bank of America’s recent troubles may seem like big financial news that only impacts investors, but the reality is that it has significant implications for everyday Americans as well. Whether you’re a Bank of America customer, someone with a mortgage, a small business owner, or just someone trying to manage their finances, these developments could affect you more than you might think.

Welcome to Rem Report, your favorite source for business news. I make videos about business, the economy and finance.

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UNRIVALED INVESTING

[NineInchTyrone]

Online banking makes it easy for hackers to drain your bank account 😂

[ronaldmcdonald]

And the fintech have been caught:
* mis-representing financial products
* Losing track of customer money
* Using sub-standard account processing software (and other software)
(I am a financial systems guy, retired- building in the security and audit trails, balances, integreity software is a lot more expensive
* Not understanding secure process and procedure.

[Kelvin-rwkb]

I know nothing about trading /investment and l'm keen on getting started. What are some strategies to get started with?

[marionwallsten]

It has been like this for at least 15 years..

[tsquared]

This is garbage B of A is not in financial trouble.. quit causing fear