Bank of America is one of the Big Four of America’s banks (along with Citigroup, JPMorgan Chase and Wells Fargo).
Bank of America was nicknamed “Bank of Apartheid” since at least 1978 because of its involvement with South Africa. The term was frequently used in the 1980s, but became dated with South Africa’s new government in the 1990s. The nickname “Bank of Apartheid” is still used by some today, especially those who feel that the bank isn’t fair to blacks or other minorities.
Bank of America has other unflattering nicknames, including “Bank of Amerika/Amerikkka” (cited in print since 1970), “Bunch of Assholes” (cited in print since 2000), “Bank of Assholes” (cited in print since 2003), “Skank of America” (cited in print since 2003), “Stank of America” (cited in print since 2005), “Bank of Failmerica” (cited in print since 2009) and “Bankster of America” (cited in print since 2009).
Wikipedia: Bank of America
Bank of America Corporation (NYSE: BAC, TYO: 8648) is an American global financial services company, the largest bank holding company in the United States, by assets, and the second largest bank by market capitalization. Bank of America serves clients in more than 150 countries and has a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500. The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of both the S&P 500 Index and the Dow Jones Industrial Average.
As of 2010, Bank of America is the 5th largest company in the United States by total revenue, as well as the second largest non-oil company in the U.S. (after Wal-Mart). In 2010, Forbes listed Bank of America as the 3rd “best” large company in the world.
The bank’s 2008 acquisition of Merrill Lynch made Bank of America the world’s largest wealth manager and a major player in the investment banking industry.
The company holds 12.2% of all U.S. deposits, as of August 2009, and is one of the Big Four banks of the United States, along with Citigroup, JPMorgan Chase and Wells Fargo—its main competitors.
African Activist Archive
Bank of America, Bank of Apartheid: Statewide protests hit 400 branches of the B of A in 111 California cities and towns
by Chris Hables Gray, South Africa Catalyst Project
Palo Alto, California
November 24, 1978
Publisher: South Africa Catalyst Project
An article about protests outside more than 400 branches of Bank of America across California on November 17, 1978. The demonstrations were coordinated by Stop Banking on Apartheid ($top Banking on Apartheid), the California branch of a world-wide movement that seeks to cut off western loans to South Africa.
14 May 1985, Sacramento (CA) Bee, “Students rip into apartheid; Tutu addresses rally at UC Davis,” pg. B1:
Traffic along a five-block stretch of the downtown area was diverted by police as protesters marched from Mrak Hall to the bank with signs that read ‘B of A: Bank of Apartheid’ and ‘Don’t Bank on Apartheid.’ Branch manager Dick Youmans defended the bank’s policies in South Africa.
Google Groups: eunet.followup
Date: 11 Jul 90 10:41:46 GMT
Local: Wed, Jul 11 1990 5:41 am
Subject: Re: Multieuropean banks?
B. of A. (Bank of Apartheid 😊 customers, eat your heart out !!!
what we REALLY call them
topic posted Sun, October 16, 2005 - 4:10 PM by Petite
Re: what we REALLY call them
Wed, October 19, 2005 - 11:27 PM
B of A = Bank of Apartheid
Keep an Eye on Darrell Issa.
Posted by Josh LeGuern
Friday, January 7th (2011) at 2:09AM EST
Rep. Darrell Issa finally gets to investigate the Socialist TARP program!
leonidus2010 Saturday, January 29th at 1:34AM EST
Go Darell Issa!!
Rep Issa voted against TARP in 2008 along with some othe real conservatives to say NO to socialism and redistributing our money to Government Sachs (Goldman Sachs), JPMorgan Crooks (Chase),Saudi Group (Citi Group), Bank of Apartheid (BofA) and Wells Fiasco (Wells Fargo).
New York City • Banking/Finance/Insurance • Tuesday, April 12, 2011 • Permalink