Cnbc
Cnbc
@cnbc·4.2M subscribers·16.1K videos

How BofA Came Back From The Brink Of Collapse

Posted

December 27, 2022

Views

344,121

Likes

3,852

Comments

572

Engagement

1.29%

Search the Record

Indexed

Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.

Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.

Try a name, a topic, or a quoted line

YouTube Description

as posted by the channel

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

» Subscribe to CNBC

» Subscribe to CNBC TV

About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online

Get the latest news

Follow CNBC on LinkedIn

Follow CNBC News on Facebook

Follow CNBC News on Twitter

Follow CNBC News on Instagram

#CNBC

How BofA Came Back From The Brink Of Collapse

Guests & Subjects Covered

JP Morgan Chase SharesBut BankReality TVCNBC News Online GetFollow CNBCLinkedIn Follow CNBC NewsFacebook Follow CNBC NewsTwitter Follow CNBC News

Sentinel Indexing in Progress

Metadata and chapters are available. Claim extraction for this episode is pending.

All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.