BofA Snubbed by Louisiana’s GOP Treasurer in ESG Culture Wars
- Treasurer snubs bank’s bid to serve as state fiscal agent
- Announcement marks latest skirmish in anti-ESG fight
John Fleming said he wouldn’t recommend Bank of America’s application to become a state depository and fiscal agent for the state.
Photographer: Tom Williams/CQ-Roll Call, Inc.This article is for subscribers only.
Fresh off a win in Louisiana, Bank of America Corp. was dealt a blow by a Republican official in the state.
On Monday, Louisiana State Treasurer John Fleming said he wouldn’t recommend Bank of America’s application to become a state depository and fiscal agent for the state — his counsel will be considered by an ad hoc panel. There are nearly 100 banks that have been approved to work as state depositories and fiscal agents, according to the state.