Bank of America launches $250 billion initiative for US tech, energy infrastructure

Bank of America said on Wednesday it plans to deploy $250 billion through July next year to support U.S. digital and infrastructure projects, ​an initiative it says will bolster the country's economic ‌growth and help create tens of thousands of jobs.

Reuters • Aug 12, 2026

BofA to invest $1.9 billion for 49.9% stake in Jio Financial NBFC unit

Bank of America will acquire up to 49.9% stake ​in Jio Credit, a unit ‌of Jio Financial Services , for as much as 182.68 billion rupees ($1.92 billion), the ​companies said on Wednesday.

Reuters • Aug 12, 2026

Bank of America unveils $250B initiative to modernize US infrastructure

Bank of America is launching a $250 billion initiative to finance US data centers, energy, semiconductors, transportation and other critical infrastructure

Fox Business • Aug 12, 2026

Bank of America Targets India Credit Boom in Jio Credit Joint Venture

Bank of America agreed to acquire as much as a 49.9% interest as a joint venture partner in Jio Financial Services Limited's nonbank financial company lending subsidiary, Jio Credit Limited (JCL), according to a Wednesday (Aug. 12) press release. The transaction initially gives Bank of America a 26.

PYMNTS • Aug 12, 2026

Bank of America Enters into a Joint Venture Agreement with Jio Financial Services Limited to Acquire up to 49.9% in Jio Credit Limited

Key points Bank of America's investment, including the equity shares and warrants (if fully subscribed), would be ₹18,268 crore (~$1.9 billion USD[1]).    Jio Credit receives further capital to support its growth in India and expertise of a global financial services firm.

PRNewsWire • Aug 12, 2026

Bank of America Launches $250 Billion, 18-month Critical Infrastructure Finance Initiative in Honor of America's 250th Anniversary

Initiative aims to help strengthen and modernize America's infrastructure, supporting energy security, U.S. job growth and economic competitiveness Key points Bank of America's Critical Infrastructure Finance Initiative to help drive transformative infrastructure investment across the United States, honoring America's 250th anniversary Bank of America to support the development of digital, energy and power, and core infrastructure that enhances national competitiveness by strengthening energy security, accelerating technological leadership and enabling long-term economic growth Initiative to help create tens of thousands of jobs and advance community development Capital to be mobilized and deployed over 18 months, from America's 250th year in 2026 through July 4, 2027 CHARLOTTE, N.C., Aug. 12, 2026 /PRNewswire/ -- In celebration of America's 250th anniversary, Bank of America today announced the Critical Infrastructure Finance Initiative to mobilize and deploy $250 billion to support U.S. infrastructure development through financing, investment and advisory solutions.

PRNewsWire • Aug 12, 2026

Bank of America's Cybersecurity Investment: A Strategic Move

BAC plans to acquire MDSec to strengthen cybersecurity, adding 65 specialists as AI and digital banking raise cyber risks.

Zacks Investment Research • Aug 12, 2026

Bank of America to Deploy $250 Billion to Bolster AI and Energy Infrastructure

The bank is joining rivals that are rolling out pledges to back investments in U.S. critical industries.

WSJ • Aug 12, 2026

Another Big Bank Joins Washington's Push to Bolster U.S. Supply Chains With Massive AI Pledges

Bank of America, Morgan Stanley, and JPMorgan Chase have pledged billions to invest in critical infrastructure including AI hardware.

Barrons • Aug 12, 2026

With Bank of America at Record Highs, Wall Street Is Bullish but Retail Is Wary

The smart money is decisively bullish on Bank of America (NYSE:BAC | BAC Price Prediction), even as the stock trades at or near record highs.

24/7 Wall Street • Aug 11, 2026