empty
 
 
bd
Support
Instant account opening
Trading Platform
Deposit/Withdraw

12.07.202315:22 ফরেক্স বিশ্লেষণ এবং পর্যালোচনা: Bank of America caught double-charging and deceiving clients

Buyers of risky assets are rejoicing amid positive US inflation data. Meanwhile, Bank of America, the second-largest US bank, has been found to have engaged in fraudulent practices that have harmed hundreds of thousands of its customers in recent years, the Consumer Financial Protection Bureau said yesterday.

Exchange Rates 12.07.2023 analysis

The Bank of America repeatedly charged multiple overdraft fees of $35 for the same transaction and enrolled quite a few customers by opening accounts for them without their consent, the regulator said. The CFPB also announced in a statement that the bank was fined $150 million. Bank of America must also pay about $80.4 million to customers who were hit with bogus fees, in addition to the $23 million it has already paid earlier.

"These practices are illegal and undermine customer trust. The CFPB will be putting an end to these practices across the banking system," the CFPB stated in a press release.

In response, Bank of America spokesman Bill Halldin has already claimed that the lender reduced overdraft fees and eliminated all other fees back in the first half of 2022, causing a 90% drop in fee revenue.

Premarket movers

Shares of streaming provider Roku rose by 2%. A day earlier, the company announced a partnership with Shopify that would allow users to shop directly via Roku TV.

Shares of Beyond Meat, a plant-based meat producer, were up 2% in premarket trading. On Tuesday, the company announced that its steak product would be sold in about 14,000 stores across the US, including retail chains Whole Foods and Wegmans.

Shares of streaming giant Netflix added 0.4% Wednesday morning after UBS raised its target price on Netflix to $525 per share, suggesting an upside potential of nearly 20%. Netflix will release its quarterly results on July 19.

Holley Inc. surged by more than 15% after the company said in a report that its sales and supply chain dynamics have improved. JPMorgan Chase upgraded the manufacturing company's stock rating to "buy" from "hold".

On the technical side, demand for the S&P 500 index remains. Buyers have chances to continue the uptrend, but bullish traders will need to push the index above $4,469, which might lead to a breakout above $4,488. Another key task for bulls would be maintaining control over $4,515, which will strengthen the bull market. If the pair declines amid declining risk appetite due to high inflation, bullish traders must act around $4,447. A breakout below that level will quickly push the pair back to $4,427, opening the way towards $4,405.

*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।

বিশ্লেষকদের পরামর্শসমূহের উপকারিতা এখনি গ্রহণ করুন
ট্রেডিং অ্যাকাউন্টে অর্থ জমা করুন
ট্রেডিং অ্যাকাউন্ট খুলুন

ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।

এখন কথা বলতে পারবেন না?
আপনার প্রশ্ন জিজ্ঞাসা করুন চ্যাট.