People at Bank of America knew what was happening across the banking industry--and the overall economy. Deregulation, vulture capital, wars, crypto, worthless tech startups, Chinese hustles, funds of funds of funds. Climate chaos and an aging population--and years of doing less than nothing. But they also knew that they would get bailed out again. Putting a little in the kitty is pocket change at this point.
https://www.pbs.org/wgbh/frontline/documentary/age-of-easy-money/
https://www.cnn.com/2023/03/17/business/global-banking-crisis-explained/index.html