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Bank of America Insight: Rate Bets and Growth Plans Explained

Bank of America Corp., one of the US banking giants, has faced challenges as interest rates have risen.

Bank of America’s Office: A symbol of financial strength amidst rising interest rate challenges. PHOTO: Shutterstock/Mlp

While CEO Brian Moynihan had previously assured investors that the bank would benefit from higher rates, it has now become the worst performer among its peers.

The bank’s troubles can be attributed in part to its substantial investments in long-term

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