Bank of America is facing $100 billion in bond market losses.

Bank of America is bearing the cost of decisions made three years ago to pump the majority of $670bn in pandemic-era deposit inflows into debt markets at a time when bonds traded at historically high prices and low yields.

The moves left BofA, the second-largest US bank by assets, with more than $100bn in paper losses at the end of the first quarter, according to data from the Federal Deposit Insurance Corporation. The sum far exceeds unrealised bond market losses reported by its largest peers.


https://www.ft.com/content/df4f343c-5666-43a2-ba01-ef315bfb119a

@OneStopPatriot

And this is why I love truthers. ❤️‍🔥✌🏼

JUST IN - U.S. Supreme Court rules business owners can refuse to service "LGBTQ+" customers.

https://www.disclose.tv/id/upi9bqukhb

@disclosetv

Evil

In Marseille, two off-duty police officers were recognised out of uniform and were “seriously injured” in what has been described as a “lynching”.

https://www.breitbart.com/europe/2023/06/30/violence-spiralling-out-of-control-in-france-massive-police-deployment-fails-to-quell-burnings/

🇫🇷⚡️- One of many armored vehicles to be deployed in France to fight the rioting.

All public transport suspended until 9pm

"Oh you're K.O. On the floor, eh? Hey, that's it, the Arabs they fuck you " is the taunt as native Frenchmen are attacked last night.

And Macron just held a conference blaming "social media" and "alcohol" for the mass disorder 👀

Unbelievable

NYC homeless shelters reach 'tipping point' as the number of homeless residents surges past a record 100,000 - almost DOUBLE the amount just two years ago - as border crisis and skyrocketing rents bite

https://www.dailymail.co.uk/news/article-12251131/NYC-homeless-shelters-reach-tipping-point-number-homeless-surges-past-record-100-000.html

6-3 decision Supreme Court strikes down Biden’s student loan forgiveness using the “heroes act”