Louisiana Treasurer Denies Bank of America Fiscal Agent Status in State

Louisiana Treasurer Denies Bank of America Fiscal Agent Status in State
A Bank of America customer uses an ATM at a Bank of America branch office in San Francisco, Calif., on July 14, 2021. Justin Sullivan/Getty Images
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Louisiana State Treasurer John Fleming has said he will not recommend Bank of America’s (BOA) application to serve as one of the state’s authorized fiscal agents, citing its alleged discrimination against certain clients and its environmental, social, and governance (ESG) practices.

In an Aug. 12 statement, Fleming said he did not make the decision lightly.
Katabella Roberts
Katabella Roberts
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Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.