Bank of America
Company and Financial Services Company
FIFE: Two arrested in robbery at Bank of America branchFife police have arrested two men in connection with a robbery Nov. 12 at a Pacific Highway bank branch. The suspected getaway driver was arrested Tuesday in Fife; the suspected bank robber was arrested Wednesday in Tacoma. The Bank of... In this article: Bank of America, The Bank of America, and Tacoma |
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washingtonpost.com | 3 days ago
BofA knew of Merrill pain in November: House panel
WASHINGTON (Reuters) - A congressional panel accused Bank of America Corp <BAC.N> on Tuesday of knowing about Merrill Lynch's huge losses as early as November 2008, suggesting the bank misled investors in saying it did not grasp the depth...
In this article: Bank of America Corp, Material adverse change, FleetBoston Financial Corp, and Washington
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AP Online | 4 days ago
Dems, Republicans at odds over BofA, Merrill deal
...by analysts to be a leading candidate to replace Lewis. Lewis came under even fiercer attack after Merrill, with the knowledge of BofA executives, gave $3.6 billion in bonuses to its employees even as the government was doling out more...
In this article: Ken Lewis, Securities and Exchange Commission, House Oversight and Government Reform Committee, Edolphus Towns, Tim Geithner, and Merrill Lynch
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Ex-BofA exec says had no role in Merrill bonuses
In this article: Bank of America Corp., Ken Lewis, Securities and Exchange Commission, Merrill Lynch, United States, and Legal advice
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Ahead of the Bell: Bank of America, Merrill Lynch
WASHINGTON -- A House oversight panel is examining the $45 billion federal bailout of Bank of America Corp. and its shotgun acquisition of Merrill Lynch & Co. last year at the height of the financial crisis. The House Oversight and...
In this article: Merrill Lynch, Ken Lewis, SEC, House Oversight and Government Reform Committee, and Edolphus Towns
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Reuters | 4 days ago
UPDATE 3-BofA ex-counsel says 'stunned' by firing
* 2 BofA directors to testify before Congress on Tuesday * Moynihan, Mayopoulos also to testify on Tuesday * Moynihan considered a leading candidate for CEO job (Adds detail on executive compensation, industry comment) By Kim Dixon and...
In this article: Bank of America Corp, FleetBoston Financial Corp, Allegation, and Wachtell Lipton Rosen & Katz
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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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