Bank of America Corp. is the largest financial services company in the world, largest bank by assets, second largest commercial bank by deposits, and third largest by market capitalization in the United States. 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 has also invested in opening new branches in India, particularly Mumbai. Bank of America operated under the name BankBoston in many other Latin American countries, including Brazil. On September 15, 2008, Bank of America announced its intentions to purchase Merrill Lynch & Co., Inc. in an all-stock deal worth approximately $ 50 billion, about 86% of the Bank of America stock price at close. This acquisition will make Bank of America the largest financial services company in the world.
Headquarters:
Charlotte, USA
Founded:
1928
Web:
www.bankofamerica.com
ID: 130
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