Tech
How BofA Came Back From The Brink Of Collapse
With assets totaling over $3 trillion, Bank of America is the second-largest bank in the U.S. behind J.P. Morgan Chase. Shares of the company have seen astonishing gains of over 290% in the last decade. But Bank of America’s rise to success has been anything but smooth sailing. The 2008 financial crisis pushed the bank to the brink of collapse. It was a loss so catastrophic that it required a $45 billion bailout from the U.S. treasury. So how was Bank of America able to stage such an impressive comeback and where is it headed next?
Produced by: Nathaniel Lee
Supervising Producer: Lindsey Jacobson
Graphics: Mallory Brangan, Christina Locopo
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How BofA Came Back From The Brink Of Collapse
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Taylor Farms has been linked to cyclosporiasis and salmonella outbreaks this summer. After years of consolidation, experts say the company’s ability to control every stage of the supply chain has made it indispensable to grocers and restaurant chains, while raising the stakes for consumers when things go wrong. CNBC food and wellness reporter Brandon Gomez explains how the U.S. became so reliant on Taylor Farms.
Chapters:
0:00 Introduction
1:40 Chapter 1: Concentration of risk
6:35 Chapter 2: Food giants’ reliance on Taylor Farms
7:30 Chapter 3: Does America have a better option?
CREDITS:
Reporting by: Brandon Gomez
Produced by: Ryan Baker
Edited by: Darren Geeter, Andrea Miller
Camera and Additional Reporting: Natalie Rice
Animation by: Jason Reginato, Emily Park
Senior Managing Producer: Tala Hadavi
Additional Footage: Getty Images
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How The U.S Became So Dependent On Taylor Farms
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@sirmemes1225
December 18, 2023 at 6:29 pm
what's BofA
@jakubageter1689
December 18, 2023 at 6:29 pm
Things are a little off right now. The US dollar's purchasing power is declining, while its value as a whole is rising. Assets like stocks, homes, cryptocurrencies, and precious metals aren't performing as well as they could because individuals are investing their money in dollars for security. I'm worried that my $320,000 in savings may lose value rapidly. What should I do to secure my money?
@markfan9068
December 18, 2023 at 6:29 pm
They stole it from their customers!!! B of A has a horrible track!!! Every time we turn around the B of A gets caught with some corrupt shady scheme to rip people off, especially their customers
@Mam-ur1
December 18, 2023 at 6:29 pm
All banks came back from the brink of collapse the same way, from taxpayers money of course.
@andytan911
December 18, 2023 at 6:29 pm
How? Gov bailout, simple answer
@amandacampcell3249
December 18, 2023 at 6:29 pm
Amanda Campcell
@somboonpolsuk
December 18, 2023 at 6:29 pm
แชร์ ระบบ ครับท่าน
@rgncal4872
December 18, 2023 at 6:29 pm
I think ppl would like to go back to having their money back in mason jars and mattresses.
@robertbolton9450
December 18, 2023 at 6:29 pm
Jehova witness bible eygpt were witch craft.
@therealcnn5346
December 18, 2023 at 6:29 pm
I don’t believe they are not still on the brinks. No pun intended
@notfadeaway6617
December 18, 2023 at 6:29 pm
who borrows from boa? Berkshire subsidiaries? commercial real estates?
@Obamaistoast2012
December 18, 2023 at 6:29 pm
BOFA is still a terrible bank
@SAMS1N
December 18, 2023 at 6:29 pm
Why they touting bofaike its righteous?
@lamda3s634
December 18, 2023 at 6:29 pm
Let me tell you about Bank of America, My account was Hacked for 300.000 and they, told me they did not know How, and turned around and said they had no record of the amount
I sat down with the documents showing the money deposit, and a Handy Affidavit of Deposit I had signed by the assist Manager for recording purposes. Still had to Sue them for
5 years to get it back. Money disappeared out of that account even Locked By the Bank. Mostly India and Japan use it to Transfer between there countries. Gives them Access to US.
we should Bar India Russia's Bud. and Give the Japanese free access to our Market…
@JamesLittle-kz3us
December 18, 2023 at 6:29 pm
Little!!!
@mangostestes9371
December 18, 2023 at 6:29 pm
BofA deez nuts
@5tockTrad3r
December 18, 2023 at 6:29 pm
Go Go "ISLAMIC DIGITAL 'BANK OF AMERICA'". 🙂
@callumfrank
December 18, 2023 at 6:29 pm
Getting approved has become pretty messy nowadays especially when you got bad credit history. I discovered the ad of a loan company “credit-synod" which gives personal & business loans to people at very low interest rates. I got about 38k and they could assist you too.
@smayjay62
December 18, 2023 at 6:29 pm
BofA DEEZ NUTS
@user-dk7tt3sh2b
December 18, 2023 at 6:29 pm
웰스파고가 뱅크오브아메리카를 비판하다니 ㅋㅋㅋㅋㅋㅋㅋ
김정은이 남한에는 자유가 없다고 말하는 것인가? ㅋ
@8088I
December 18, 2023 at 6:29 pm
BAC has $146B in Cash, is on track
to have $100B+ in earnings per annum
and managing $3T in Assets. How this
company is Worth only ~$244B, is be-
yond me?!!
@8088I
December 18, 2023 at 6:29 pm
Thanks Obama&Biden for saving
the American Auto & the Global
Financial Industries.
@elisadearmas9778
December 18, 2023 at 6:29 pm
Bank of America steals international wire transfers, just like JP morgan
@elisadearmas9778
December 18, 2023 at 6:29 pm
Bank of America is not the result of a self made man. That’s the US myth to make the Fortune 500 visionaries rather than the truth. These corporations just like Bank of America is stole our homes and direct deposits from independent providers and minorities. They are the result of bribing politicians, being cuddled by the government with tax payers money, brutal exploration of humans. Issuing fraudulent fees, family and government money. They are the first investors when it comes to finance wars and elections. The US BANKING SYSTEM REQUIRES MULTI ETHNIC OVERSEERS AND DAILY SUPERVISION
@elisadearmas9778
December 18, 2023 at 6:29 pm
Censorship , is totally In place as the listing of crimes of Bank of America against minorities are deleted.
@elisadearmas9778
December 18, 2023 at 6:29 pm
Do you notice how the government ran for irresponsible banks that behave like gamblers and it will be at the expense of the taxpayers despite Biden’s Lies
@elisadearmas9778
December 18, 2023 at 6:29 pm
The crimes of Bank of America will be exposed at The Hague because the US government is subservient to these long term criminals
@elisadearmas9778
December 18, 2023 at 6:29 pm
Bank of America is another cuddled Fortune 500 corporation rescued by the government and allowed to steal our earnings and our homes. Bank of America will be destroyed by the real stories of us it’s victims. The CEO and his servants underneath make racist jokes in front of White Bankers friends who are totally sick about their calling cannibals and monkeys to minorities just like the Bush presidents. They are dedicated to destroying minorities, enriching themselves out of practicing THEFTS, EXPLOTATION OF HUMANS, disappearing direct deposits from independent providers, hiding their own crimes and bribing politicians. They are worse than CANNIBAL MONSTERS . Only the idiots believe in the self made myths. They are THIEVES AND RACIST BEASTS
@searchindex3438
December 18, 2023 at 6:29 pm
BofA didn’t say ‘no’ to 2 separate bank robbers who walked into our branch
@MatthewBrackin-1985
December 18, 2023 at 6:29 pm
People going to 24 hour bank machines
@MatthewBrackin-1985
December 18, 2023 at 6:29 pm
I need to closed the account
@giuseppedainotti2369
December 18, 2023 at 6:29 pm
Now they scamming people 🤦♂️ I got money 💰 missing from this bank
@ivanlam1304
December 18, 2023 at 6:29 pm
Nothing on the prevailing mood that led up to the 2008 financial crisis. Economies around the world had been stable for a long time, we thought it wouldn't end
@signality
December 18, 2023 at 6:29 pm
I wonder if CNBC made this video because Bank of America is about to collapse.
@nunezcomedyandmore5288
December 18, 2023 at 6:29 pm
Is call narcos money 💰 🤑 💸 lol
@susettesantiago5509
December 18, 2023 at 6:29 pm
Yeah……whatever……just keep it moving……cause it’s no longer an option to run to your bunker……hacker and fortune hunters have destroyed that dream…….nobody has been able create the so called space shelter either……so…….the European thieves made it to the United States but actually thought they were going to tell that FAIRYTALE called Bank of America…….come on now……it use to be very few people knew about your Ponzi schemes from Europe and all roads leading to Rome…..aren’t you tired of getting robbed…..don’t bet on that ending anytime soon…….now……how about those old world investor families…..let’s get it…….
@WDI2008
December 18, 2023 at 6:29 pm
BANK OF AMERICA is now the best bank in the world!
@John-vp3qy
December 18, 2023 at 6:29 pm
Such a bad bank
@youngdiab3t3s29
December 18, 2023 at 6:29 pm
Bofa 💀
@JaidenBENZZ369
December 18, 2023 at 6:29 pm
I remember 1 year ago when my friend tried cashing out 5 k and couldn’t. For 3 weeks!? This bank is suspicious.
@danttelinville6621
December 18, 2023 at 6:29 pm
David and 10 u have no right… u don't want 2 help US…stop harassing me over my namr…Musk u prove Jesus real…Money…Influence
…Please allow me 2 be honest and stop Faulkner and @sink10 insulting 2 say….content reaction…peace not War…Clare u need 2 stop. You and your Twitter buddies could've cared and helped US. U had no interest. My name and image. No you not nola Tracy
@fianait
December 18, 2023 at 6:29 pm
Bank of America is a criminal organization
@markfcoble
December 18, 2023 at 6:29 pm
Bank of America is a continuing criminal enterprise based on their Consent Orders. If YOU did anything like they did you would be in jail. Total crooks. Good news though….Ken Markey, bank of America stooge attorney is dead. Good riddance.
@ironpandaloco
December 18, 2023 at 6:29 pm
Bank of America has terrible customer service
@wp4286
December 18, 2023 at 6:29 pm
Bank of America made 35 billion in the last quarter of 2022.
@kaikalls5058
December 18, 2023 at 6:29 pm
Funny how in comments section ppl are crying that bailout should not have been given…🤣😂🤣 what ppl don't understand are that bailout of certain organizations are helpful to society as a whole… in short term it seems bad but in long term it's benefits both society and nation… if BOA had failed the impact would have been far greater and it would have impacted average common ppl more…..