Bank of America Corporation (BofA) is a leading American multinational investment bank and financial services company present in charlotte with central hubs in New York City, London, Hong kong and Toronto. It was founded on Oct 17, 1904 by Amadeo Giannini. As on August 2018, Bank of America has a $ 313.5 Billion Capitalization making it the 13th largest company in the World. The product services provided by Bank of America are consumer banking, corporate banking, insurance banking, mortgage loans, private banking, private equity, wealth management, risk management and credit loans.
It has 4600 retail financial centers and approx 15,900 automated teller machines. Bank of America has emerged as a global leader in corporate and investment banking and trading; with Merninill lynch, Mermil Edge and U.S. Trust as the main subsidiaries. Its revenue was US$ 87.352billion in 2017. It is 5th largest banking institution in the U.S.
It is known to be one of the most world largest financial institution, serving individuals, small and middle marketing businesses and larger corporations with a full range of all above mentioned services. Bank of America was named the W B Bank by Euro money institutional investment in their 2018 Awards for excellence.
Products and Services:-
Bank of America offers the following services to customers-
- Preferred and Small Business
- Merrill Lynch Wealth Management
- Global Corporate & Investment Banking
- Global Commercial Banking
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