Bank of America


  


       Loan company of America (abbreviated as BofA) is an American multinational banking and financial services corporation headquartered in Charlotte, New york. This is the second major bank holding company in the United States by assets. As of 2016, Bank of America is the 26th major company in the us by total income. In 2016, Forbes detailed Bank of America as the eleventh most significant company on the globe.

Loan company of America provides it is products and services through operating 5, 100 consumer banking centers, 16, 300 ATMs, call centers, and on the web and mobile banking platforms. It is Consumer Real Estate Providers segment offers consumer real estate products comprising set and adjustable-rate first-lien home loan loans for property purchase and refinancing needs, home equity lines of credit, and home equity lending options.

The bank's 2008 buy of Merrill Lynch made Bank of America the world's most significant wealth management corporation and a major player in the investment banking market.[8] According to the Picies Partnership Global Private Bank Benchmark 2014 it acquired assets under management (AuM) of US$1, 866. six Bn, a rise of doze. 5% on 2013.

The company held 12. 2% of all bank build up in the United Claims in August 2009, and it is one of the Big Four banks in the United States, along with Citigroup, JPMorgan Chase and Wells Fargo--its main competition. Bank of America operates--but does not necessarily maintain retail branches--in all 40 states of the Unified States, the District of Columbia and more than 40 other countries. That has a retail consumer banking footprint that serves about 50 million consumer and small business relationships at 5, 151 banking centers and 16, 259 robotic teller machines (ATMs).

Standard bank of America has recently been the subject of many lawsuits and investigations regarding both mortgages and financial disclosures dating back in the financial crisis, including a record settlement of $16. 65 billion on Aug 21, 2014

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