Bank of America Clients Hoard Cash at Highest Level in Two Decades

  • Date: 17-May-2022
  • Source: Yahoo News
  • Sector:Economy
  • Country:Gulf
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Bank of America Clients Hoard Cash at Highest Level in Two Decades

(Bloomberg) -- Investors are piling into cash as the outlook for global growth drops to an all-time low and stagflation worries mount, according to a Bank of America Corp. fund manager survey that points to continued stock-market declines.

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