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Bank of America

(BAC) - Get Bank of America Corp Report

shares opened higher on Wednesday despite a flurry of negative news reports.

Several of them related to WikiLeaks, whose founder Julian Assange, has said he has major revelations that may cause the head of a large U.S. bank to resign. There has been widespread speculation, drawing on earlier comments made by Assange, that Bank of America is Assange's target.

Indeed, the bank itself appears to be girding for trouble from Wikileaks, as the

Charlotte Observer

cites an anonymous bank employee who says he can't access gmail on his company-issued laptop due to stepped up security measures.

Bank of America has also blocked payments to WikiLeaks, it announced Friday, and has been reportedly defensively registering domain names like and, according to

Domain Name Wire


Some news organizations interpreted a

Times of London

a Monday interview

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with WikiLeaks founder Julian Assange as providing confirmation of widespread suspicions that the bank he has been saying he will expose is indeed Bank of America.



blogger Andy Greenberg

shot down those interpretations


Adding to Bank of America's troubles was a report in

The New York Times

accusing Bank of America and

JPMorgan Chase

(JPM) - Get JPMorgan Chase & Co. (JPM) Report

, or contractors they employ, of illegally breaking into people's homes.

Despite the reports, shares of JPMorgan and Bank of America opened higher on Wednesday, outpacing other big banks like


(C) - Get Citigroup Inc. Report


Wells Fargo

(WFC) - Get Wells Fargo & Company Report


US Bancorp

(USB) - Get U.S. Bancorp Report


PNC Financial

(PNC) - Get PNC Financial Services Group, Inc. Report


Bank of New York Mellon

(BK) - Get Bank of New York Mellon Corporation Report



Written by Dan Freed in New York


Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.