Bank of America
Company and Financial Services Company
Kirk Sanford...of ATM services to casinos throughout the US. September 2000, First Data and M&C acquired Bank of America's ownership interest in GCA and Bank of America's casino ATM business. March 2004, M&C became 95% owner of GCA by Redeeming... In this article: First Data, Joint venture, Bank of America, ATM, Cendant Corp, Boyd Gaming, HarbourVest Partners, and Leverage |
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PR Newswire: Technology | June 29, 2009
Bank of America and First Data Form Next-Generation Payment Solutions Company
Bank of America and First Data Form Next-Generation Payment Solutions Company /PRNewswire/ -- Bank of America N.A. and First Data Corp. announced today the formation of a new company that will deliver next-generation payments solutions to...
In this article: First Data Corp., Small business, New York Stock Exchange, Mobile commerce, and ATM
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Reuters | June 29, 2009
BofA, First Data create payments company
...new entity," Kupferberg said. However, he added the link-up could hurt Total System Services <TSS.N> as the company provides merchant processing services for some of Bank of America's acquiring business. "We have a very good client in...
In this article: Bank of America Corp, First Data Corp, Global Payments Inc, Joint venture, and Atlanta
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CNET News.com | January 13, 2009
Patent wars: RealNetworks wins; Global Crossing pays up
...Technology Licensing has collected dough from 275 companies including American Express, AT&T, Avon, Bank of America, Costco, CVS CareMark, First Data, HP, IBM, Microsoft, Morgan Stanley, T Rowe Price, Wal-Mart, and Whirlpool, to name a few.
In this article: RealNetworks, Global Crossing, First Data Corporation, American Express Company, Defendant, Zdnet, and Wikipedia
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Centre Daily Times | September 08, 2009
First Data Appoints W. Patrick Shannon as Chief Financial Officer
...the University of Georgia. Shannon succeeds Phil Wall who has been appointed the chief financial officer of Bank of America Merchant Services, the recently formed alliance between First Data and Bank of America. Wall will join the Bank of...
In this article: First Data, Michael D. Capellas, BellSouth Corporation, and US West
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Prime Newswire | May 27, 2009
Sino Payments Signs MOU With BCS Holdings
Bankcard Solutions has strategic partnerships & alliances with Chase Paymentech, National Processing Company (NPC), First Data, Bank of America, Telecheck, Verifone, Discover Network, China UnionPay, JCB International Credit Card Co., Ltd....
In this article: BCS, Asia, Debit card, First Data Corp., China, and U.S.
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Centre Daily Times | July 17, 2009
BofA posts $2.4 billion second-quarter profit
Bank of America, the nation's biggest bank, also reaped $5.3 billion from the sale of shares in China Construction Bank and $3.8 billion from selling its credit-card processing business to a new joint venture with First Data Corp. Those...
In this article: Bank of America Corp., Joint venture, Countrywide Financial Corp., Merrill Lynch, Citigroup Inc., Charlotte, New York, and Morgan Stanley Smith Barney
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Reuters | July 06, 2009
CORRECTED - REFILE-UPDATE 2-Bank of America promotes two M&A bankers
...Corp <ELX.N>, as well as Watson Wyatt Worldwide Inc <WW.N> on its merger with Towers Perrin and Bank of America's own joint venture with First Data Corp. Both Baronoff and Selig will report to Brian Moynihan, president of global banking...
In this article: Merrill Lynch, Thomson Reuters, and Joint venture
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PR Newswire: Financial | July 17, 2009
Bank of America Earns $3.2 Billion in Second Quarter
...charges, rose to a record $6.7 billion. During the quarter, Bank of America announced the sale of its merchant processing business to a joint venture, which included First Data Corp. The transaction is expected to deliver...
In this article: Merrill Lynch, Revenue, Countrywide, FDIC, Kenneth D. Lewis, Joint venture, Investment Management, and Derivative
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PR Newswire: Financial | August 04, 2008
Kevin Phalen Joins Bank of America's Global Corporate and Investment Bank
...treasury and credit solutions." Phalen comes to Bank of America from JPMorgan Chase where he most recently was the product executive for the International Public Sector and Global Card Solutions based in London. He has more than 20 years'...
In this article: Small business, New York Stock Exchange, ATM, Supply chain, MasterCard International, Dow Jones Industrial Average, and First Data Corporation
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Description from Wikipedia:
200px|thumb|[[Bank of America Corporate Center, located in the center of uptown Charlotte, North Carolina.]]
Bank of America Corporation (NYSE: BAC), based in Charlotte, North Carolina is one of the largest financial services companies, largest bank by assets, largest commercial bank by deposits and is the second largest by market capitalization in the United States. The company holds 12.2% of all U.S. deposits. Also, Bank of America is the number one underwriter of global high yield debt, the third largest underwriter of global equity and the ninth largest adviser on global mergers and acquisitions.
Bank of America serves clients in more than 150 countries and has a relationship with 99 percent of the U.S. Fortune 500 companies and 83 percent of the Fortune Global 500. The company is a component of the Dow Jones Industrial Average (DJIA) and a member of the Federal Deposit Insurance Corporation (FDIC).
The Bank, at one point considered one of the winners and healthiest survivors of the 2007 credit crisis, plunged in market value due in part to massive losses caused by its purchase of Merrill Lynch. Its Q1 2009 profit was 4.2 billion with 3.7 billion having come from Merrill Lynch.
- Name:
- Bank of America Corporation
- Type:
- Public
- Location:
- Charlotte, North Carolina
- Region:
- Worldwide
- Founded:
- Bank of Italy (1904)
- Stock Symbol:
- BAC
- Industry:
- Banking
- Financial services
- Investment services
- Key People:
- Products:
-
- Investment Management
- Credit Cards
- Corporate Banking
- Consumer Banking
- Private Equity
- Finance and insurance
- Global Wealth Management
- Investment Banking
- Mortgage
- Revenue:
- US$113.10 billion (2008)
- Net Income:
- US$ 4.00 billion (2008)
- Assets:
- US$2.25 trillion (July '09)
- Equity:
- US$177.052 billion
- No. of Employees:
- 171,587 (February 2009)
- Motto:
- Bank of Opportunity
- Market Cap:
- US$115.67 billion (July '09)
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