The Bank of America Crappy News Trifecta: Bank Outage, Pay Raise Shenanigans, and Training Employees in VR

<p><strong>So much crappy Bank of America stories today:</strong></p> <p><strong>First, a nationwide outage of all things BofA: Online and Mobile Banking, ATMs, Teller Systems, and Debit Cards all stopped working early Last Friday, on the 1st of the month when banks are usually full with clients who only show up 1x a month. I discuss how stunning it was that BofA acknowledged it to the media, the weird length they went to to emphasize that "Your Information is Secure" when no one was asking about it, and how an event like that actually makes my page really popular.</strong></p> <p><strong>Here are articles I reference in the segment:</strong></p> <p><a href="https://www.cbs46.com/news/bank-of-america-outage-clearing-up-in-atlanta-other-big-cities/article_45035336-22c8-11ec-9708-c70d38d4105f.html" target="_blank"><strong>CBS46 Article</strong></a></p> <p><a href="https://www.foxbusiness.com/markets/bank-of-america-online-outage" target="_blank"><strong>Fox News Article</strong></a></p> <p><a href="https://www.marketwatch.com/story/bank-of-america-customers-report-the-bank-app-is-down-and-just-as-bills-are-due-on-oct-1-11633107841" target="_blank"><strong>Marketwatch Article</strong></a></p> <p><br></p> <p><strong>Then we tackle Bank of America kissing its own ass for the 2nd time in a year by announcing a pay raise via press release. Keep in mind, it had already announced the $1 increments earlier. I discuss how the increments is really meant to give them a free PR pop yearly until $25, and why associates should feel outraged that they may never see the end of the pay raise rainbow, because in 4 years, many jobs may go away. I discuss how $200,000,000 of a $30B net profit this year can get a huge chunk of employees to $25/hr now and boost morale</strong></p> <p><strong>Articles:</strong></p> <p><a href="https://newsroom.bankofamerica.com/content/newsroom/press-releases/2021/05/bank-of-america-increases-us-minimum-hourly-wage-to--25-by-2025.html" target="_blank"><strong>May 2021 BofA Press Release</strong></a></p>