Bank of America (BoA) is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. Total assets: US$ 2,164 billion (as of December 31, 2013). Net income: US$ 1.4 billion (2011), US$ 4.2 billion (2012), US$ 11.4 billion (2013).
Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries.
The bank's 2008 acquisition of Merrill Lynch made Bank of America the world's largest wealth manager and a major player in the investment banking industry.
Member FDIC (each depositor insured to at least $250,000).
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18.01.2013 Bank of America reports fourth quarter 2012 net income of $0.7 billion, compared to $2.0 billion in fourth quarter 2011. Full-year 2012 net income was $4.2 billion, compared with $1.4 billion for the prior year.
18.10.2012 Bank of America reports third quarter 2012 net income of $340 million, compared to $6.2 billion in the third quarter of 2011. Total revenue, net of interest expense, on a GAAP basis was $20.4 billion.
20.07.2012 Bank of America reports second quarter 2012 net income of $2.5 billion, compared with a net loss of $8.8 billion in second quarter 2011. More
19.04.2012 Bank of America reports first quarter 2012 net income of US$ 653 million, compared to US$ 2,049 million in the first quarter 2011. More
05.04.2012 Bank of America ranked second overall among the world's top financial institutions and was the highest ranked U.S.-based global financial company in the recently released Bloomberg Markets magazine's "Greenest Banks" report. More
No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters