Bank of America has faced setbacks following its peak share value of $50 in 2022, struggling with stock performance amidst regulatory and economic challenges.
Recent sell-offs by notable investors, including Warren Buffett's $6 billion dump of shares, and an insider sale by executive Bernard Mensah, raise concerns about Bank of America's stability.
The pressure from Basel III regulatory requirements for higher capital retention levels is a point of contention for CEO Brian Moynihan and other banking leaders.
High interest rates and inflation have made lending costly, driving customers away from Bank of America's traditional mortgage business.
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