Bank of America pledges $250 billion for US infrastructure financing

NEW YORK, Aug 12 : Bank of America said on Wednesday it plans to deploy $250 billion by July 2027 to support U.S. digital and infrastructure projects, a move it says will boost the country's economic growth and help create tens of thousands of jobs. The Wall Street bank said its "Critical Infrastructure Finance Initiative," launched on the heels of the nation's 250th anniversary celebrations, will provide primary market lending, investments, capital markets services, and banking and advisory offerings. The announcement underscores how major U.S. financial institutions are seeking to capitalize on rising demand for AI data centers, critical minerals and energy infrastructure upgrades.It comes days after Morgan Stanley said it would facilitate roughly $1.5 trillion over the next decade to fi