San Francisco, 8 July 2026 – Bank of America has reportedly reversed its earlier position on lending linked to OpenAI as major Wall Street banks compete for roles in what could become one of the most closely watched technology listings in history.

The move reflects the intense competition among global banks to secure a place in OpenAI’s potential initial public offering, as artificial intelligence continues to dominate capital markets and investor attention.

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Author

Tim Clark
Tim Clark is a Senior Geopolitical Analyst for The Ledger Asia, specializing in the intersection of international relations and market stability. With over a decade of experience, Tim provides deep-dive insights into Indo-Pacific security, global supply chain resilience, and the strategic competition between major powers.
Previously a consultant for leading international think tanks, he focuses on how shifting diplomatic landscapes and maritime disputes impact corporate governance and trade policy. At The Ledger Asia, Tim’s analysis equips readers with the clarity needed to navigate the complex regulatory and economic environments of Southeast Asia and beyond.