Bank of America

Accountability Wiki, a wiki for consumers and workers
Bank of America Corporation
Bank of America logo.svg
Bank of America Corporation's logo
Type Public
Industry Finance
Essential service(s) Yes
Country United States
Multinational Yes
Official website
Twitter (@BankofAmerica)
COVID-19 webpage
English Wikipedia article

Bank of America Corporation is an international investment bank and financial services company based in the United States.

COVID-19 response

Consumers

  • 07 April 2020 (27 days since WHO declared COVID-19 a pandemic)
    • Encouraging: Offered payment deferrals for home loans, auto loans, and credit cards for up to 90 days.[1][2]
      • Encouraging: Assistance beyond 90 days will be reviewed case-by-case.[1]
      • Complicated: Interest will continue to accrue on all loans, and any missed payments will extend the loan terms and be paid at the end of the loan period.[1]

Employees

  • Disappointing 25 March 2020 (WHO.svg+14 dayssrc): Fabrizio Gallo, global head of equities, tells staff that productivity of office-based staff in critical roles should come before their fears of getting sick.[3]

News articles

References

  1. 1.0 1.1 1.2 Tarpley, Laura Grace. "In response to COVID-19, Bank of America is offering deferrals on home loans, auto loans, and credit cards". Business Insider. Retrieved 2020-04-10.
  2. Silbert, Sarah. "In response to the coronavirus, credit card issuers like Amex and Capital One are letting customers skip payments without interest and more". Business Insider. Retrieved 2020-04-28.
  3. Bostock, Bill. "A leaked audio transcript showed a Bank of America exec rejecting concerns of staff who didn't want to come to the office for fear of the coronavirus". Business Insider. Retrieved 2020-04-10.