Bank of America
Company and Financial Services Company
BofA CEO search may extend into 2010...director of value strategies for CtW Investment Group, which works with union-affiliated pension funds that hold about 33 million BofA shares, or about less than one half of 1 percent. Charlotte, N.C.-based Bank of America is under... In this article: Ken Lewis, Bank of America, and Merrill Lynch |
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Reuters | 1 day ago
Deutsche Bank, Paribas sue BofA on mortgage deals
* Deutsche Bank alleges BofA failed to secure $1.25 bln * BNP Paribas says Bank of America owes $480.7 mln Deutsche Bank AG <DBKGn. DE> and France's BNP Paribas SA <BNPP.PA> separately sued Bank of America Corp <BAC.N> on Wednesday over...
In this article: Deutsche Bank, Bank of America Corp, BNP Paribas, and Allegation
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Reuters | 1 day ago
Bank of America urges dismissing investor lawsuit
* Class-action lawsuit attacks bonuses, disclosures * Bank says representations, disclosures were fine Bank of America Corp <BAC.N> has asked a Manhattan federal court to dismiss an investor class-action lawsuit over its Merrill Lynch &...
In this article: Bank of America Corp, Plaintiff, New York, Ohio, Derivative, Cleary Gottlieb Steen & Hamilton LLP, Wachtell, Lipton, Rosen & Katz, and Denny Chin
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Reuters | 2 days ago
CORRECTED - OFFICIAL-Fitch upgrades BofA pref stock
...new preferred stock rating) NEW YORK, Nov 24 (Reuters) - Fitch Ratings upgraded the preferred stock rating of Bank of America <BAC.N> on Tuesday by one level to B-plus, the fourth-highest junk rating. Fitch also placed all of the...
In this article: NEW YORK
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CNN | 2 days ago
Funky math helped BofA close Merrill deal
...Lynch. Testimony before (and documents released by) the House Committee on Oversight and Government Reform last week paint a picture of BofA officials and their lawyers at Wachtell, Lipton, Rosen & Katz basing their decision not to reveal...
In this article: Dennis Kucinich and Merrill Lynch
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Reuters | 3 days ago
BofA-Merrill fears India reform delays
In this article: India, Merrill Lynch, Joint venture, Oxford, and Taiwan
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washingtonpost.com | 4 days ago
BofA may extend CEO search into 2010: report
...Chase <JPM.N>, US Bancorp <USB.N> Chief Executive Richard Davis and Eugene McQuade, who oversees Citigroup's largest banking subsidiary. BofA's Lewis will receive no more pay for 2009 and will have more than $1 million of his prior...
In this article: Kenneth Lewis, Citigroup, US Bancorp, Jpmorgan Chase, and Treasury Department
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Reuters | 6 days ago
Bank of America hires Flanagan to head mortgage/ABS research
Bank of America Merrill Lynch said it hired Chris Flanagan to head its U.S. mortgage and structured finance research group. Flanagan will be responsible for the strategy and development of the firm's research product, analytics and...
In this article: Structured finance, Merrill Lynch, Jpmorgan Chase, and U.S.
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washingtonpost.com | November 17, 2009
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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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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