{"slug": "bank-of-america-launches-us-250-billion-initiative-for-us-tech-energy", "title": "Bank of America launches US$250 billion initiative for US tech, energy infrastructure", "summary": "Bank of America announced on Wednesday (Aug 12) a US$250 billion initiative to deploy capital through July 2027, aiming to support U.S. digital and infrastructure projects, bolster economic growth, and create tens of thousands of jobs. The 'Critical Infrastructure Finance Initiative' will cover digital infrastructure, energy and power, and core infrastructure, and follows Morgan Stanley's pledge to facilitate US$1.5 trillion over the next decade for similar projects.", "body_md": "# Bank of America launches US$250 billion initiative for US tech, energy infrastructure\n\nIt says this will bolster the country’s economic growth and help create tens of thousands of jobs\n\n[NEW YORK] Bank of America said on Wednesday (Aug 12) it plans to deploy US$250 billion through July next year to support US digital and infrastructure projects, an initiative it says will bolster the country’s economic growth and help create tens of thousands of jobs.\n\nThe Wall Street bank’s “Critical Infrastructure Finance Initiative,” launched on the heels of the nation’s 250th anniversary celebrations, will include primary market lending, investments, capital markets services, and banking and advisory offerings.\n\nThe announcement underscores how major US financial institutions are seeking to capitalise on a domestic boom in AI data centres, mining of critical minerals and modernisation of the energy infrastructure.\n\nIt comes days after Morgan Stanley said it will facilitate roughly US$1.5 trillion over the next decade to finance technology and infrastructure projects.\n\nBank of America’s financial activities will span three categories: digital infrastructure such as data centres and computing, energy and power infrastructure that includes renewable power generation and energy storage, and core infrastructure such as transportation and natural gas.\n\n“Meeting America’s growing infrastructure needs requires mobilising capital at scale across increasingly interconnected sectors,” said Karen Fang, co-head of global capital solutions at Bank of America.\n\n“Delivering these projects require integrated financing solutions spanning corporate and project-level capital in both public and private markets.”\n\nThe amount will be based on eligible activity during an 18-month period from January 1, 2026, marking the start of America’s 250th year, through July 4, 2027, the bank said. REUTERS\n\nDecoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.\n\nShare with us your feedback on BT's products and services\n\n[TRENDING NOW](/pulse?ref=trending-now)\n\nTwo-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023\n\nToo little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry\n\nHow BYD disrupted Singapore’s car market – and why the strategy is turning on itself\n\nVietnam seeks US$76 billion a year from capital markets to ease reliance on banks", "url": "https://wpnews.pro/news/bank-of-america-launches-us-250-billion-initiative-for-us-tech-energy", "canonical_source": "https://www.businesstimes.com.sg/companies-markets/banking-finance/bank-america-launches-us250-billion-initiative-us-tech-energy-infrastructure", "published_at": "2026-08-12 09:33:16+00:00", "updated_at": "2026-08-12 09:35:39.160562+00:00", "lang": "en", "topics": ["ai-infrastructure"], "entities": ["Bank of America", "Morgan Stanley", "Karen Fang"], "alternates": {"html": "https://wpnews.pro/news/bank-of-america-launches-us-250-billion-initiative-for-us-tech-energy", "markdown": "https://wpnews.pro/news/bank-of-america-launches-us-250-billion-initiative-for-us-tech-energy.md", "text": "https://wpnews.pro/news/bank-of-america-launches-us-250-billion-initiative-for-us-tech-energy.txt", "jsonld": "https://wpnews.pro/news/bank-of-america-launches-us-250-billion-initiative-for-us-tech-energy.jsonld"}}