Bank of America Ends WikiLeaks Payments

By Richard Gibson
Dec 18 2010

Bank of America, the largest US bank, announced today that they have ended all business with WikiLeaks.

The announcement by Bank of America adds the company to the long line of financial institutions that have ended their relationship with the infamous whistleblower website. However, the motives behind the action from Bank of America have been called into question by supporters of the site.

Julian Assange, the founder and webmaster for WikiLeaks, announced earlier in the week that he would be releasing documents that outlined the corruption and ethical lapses by the largest US banks. According to inside sources, Bank of America figures prominently into the new documents.

As such the supporters of the WikiLeaks site believe that Bank of America ended their relationship with the site because the documents will show that they have taken part in unethical business practices in the US.

The official statement from Bank of America reported that they were ending the relationship because WikiLeaks is taking part in illegal and harmful activities that are a threat to all customers of the banking institution.

WikiLeaks used their Twitter feed to encourage all of their supporters to find a safer place to store their money. They suggested that all those that support the WikiLeaks cause remove all funds from Bank of America immediately. This has raised the rancor of Bank of America executives.

Bank of America is currently embroiled in another scandal as well. The bank learned yesterday that they were being sued by two states that represent thousands of mortgage holders. The suit alleges that Bank of America used deceptive marketing practices to entice consumers into taking home loans on the promise that they would be able to receive loan modifications only to deny the modifications at a later date.