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$ 2.296 trillion (as of December 31, 2011). Net income: US$ 1.4 billion (2011).
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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Bank of America :: Press Releases
19.01.2012 Bank of America today reported net income of $2 billion for the fourth quarter of 2011, compared with a net loss of $1.2 billion in the year-ago period. For the full year, the company reported net income of $1.4 billion.
18.10.2011 Bank of America reports third quarter 2011 net income of $6.2 billion, compared with a net loss of $7.3 billion in third quarter 2010.
08.09.2011 Bank of America Merrill Lynch to finance largest residential solar project in U.S. history. More
20.07.2011 Bank of America reports a net loss of $8.8 billion for the second quarter of 2011, compared with net income of $3.1 billion in Q2 2010. Excluding certain mortgage-related items and other selected items, net income was $3.7 billion in Q2 2011.
18.04.2011 Bank of America reports first quarter 2011 net income of US$ 2.0 billion, compared with net loss of $1.2 billion in the fourth quarter of 2010.
Financial News
Three Swiss bankers indicted by U.S. in tax crackdown - 09.01.2012 U.S. authorities are moving toward taking legal action against Wegelin & Co., which could lead to an indictment of one of Switzerland's last pure private banks, on charges that it enabled wealthy Americans to evade taxes, according to two persons with knowledge of the case. Source: Reuters
Islamic finance assets to hit US$ 1.1 trillion in 2012 - 22.11.2011 Islamic finance assets around the world are expected to climb 33% from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction with conventional finance in the wake of the global debt crisis, consultants Ernst & Young said in a report on Tuesday. Source: Reuters
Spanish bank ratings downgraded by Fitch and S&P - 12.10.2011 Two leading credit rating agencies have downgraded some of Spain's largest banks, citing a deteriorating outlook for the Spanish economy. Source: BBC News
Spotlight on Islamic Retail Banking – strategies for fast growing industry - 07.10.2011 Islamic Banking is young but fast growing industry what brings challenges as need for standardization, expanding at the market (now < 1% population is banking Islamic Banks), lack of public awareness about Islamic Banking (misinterpretation) and limited resources of qualified people in this particular industry. Source: Fleming Gulf
JBIC inks $43bn credit line pact with Japan banks - 05.10.2011 The Japan Bank for International Cooperation (JBIC) said Wednesday that it has signed separate pacts with three major Japanese banks to give them a combined $43 billion, or Y3.3 trillion, credit line, as part of the government's steps to encourage companies to go ahead with M&As overseas. Source: Nikkei
U.S. banks begin charging monthly debit-card fees - 01.10.2011 Get ready for a new wave of bank fees. Bank of America will begin charging a $5 monthly fee at the beginning of next year for customers who make debit card purchases. Source: CNNMoney
Bank of America (BoA) is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. Total assets: US$ 2.296 trillion (as of December 31, 2011). Net income: US$ 1.4 billion (2011). 
MEMBER FDIC (each depositor insured to at least $250,000).
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