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Bank of America has issued a warning to customers about account cancellations due to inactivity, stating that accounts deemed "abandoned" after three years may be blocked or have funds transferred to state custody. To avoid this, customers are encouraged to regularly log in and set up alerts to monitor their account activity. The bank's policy aligns with state laws regarding unclaimed assets, which apply to various account types, including savings and retirement accounts.
The Arnault family, owners of LVMH, is set to acquire a majority stake in Paris FC, aiming for a long-term sporting turnaround rather than immediate financial gains. Partnering with Red Bull, they plan to enhance the club's infrastructure and values, aspiring to elevate it to League One while emphasizing a patient approach to success.
Rob McElhenney
People
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bank of america warns customers about account cancellations due to inactivity
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