Category: Bank of America Survey

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Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals

May 18, 2023

Investors, plagued by mounting pessimism, have sought refuge in cash, according to a recent survey conducted by Bank of America. The survey highlights a notable 5.6% increase in cash reserves during May, as apprehensive investors brace themselves for a potential credit crunch and a recession. Flight to Safety: Investors Increase Cash Reserves and Brace for…
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Bank of America’s Active Crypto Users Drop More Than 50% in Bear Market

July 7, 2022

Bank of America has revealed that the number of its customers who are active crypto users has declined more than 50% from its peak in November last year. In addition, the bank said its data “shows that outflows to crypto platforms have fallen sharply,” indicating that “consumers are pulling back on their net investment into…
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