Bank of America


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Bank of America

One of the largest banks in the United States. It traces its origins to the Bank of Italy in the early 20th century, which served immigrants in San Francisco. It grew to serve all of California and, through a number of acquisitions, spread throughout the United States. In the 1990s, while named BankAmerica, it lent a hedge fund more than $1 billion; when this hedge fund lost out in the Russian financial crisis, the bank was bought by NationsBank, which took the name Bank of America. It bought MBNA, at the time the world's largest credit card issuer, in 2005. In 2008, it acquired Merrill Lynch, which was near bankruptcy, after pressure from U.S. authorities. In 2008 and 2009 it received a federal bailout worth more than $150 billion in cash and guarantees.
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North Carolina Educational Facilities Finance Agency (NC) (Queens College) var-rate educ facils rev bonds ser 1999A (LOC: Bank of America, N.
It is programs such as the Bank of America Leadership Academy which will set the standard and help raise up the next generation of community leaders," Rubin said.
Pressley said Bank of America was singled out because it is a high-fee bank and the group's news conference last spring about high debit-card fees was held in front of a Wells Fargo branch.
CONTACT: Jim Mitchell of Bank of America, 415-622-4314
Both the security guard, who works for American Protective Services, and the Bank of America employee were taken to a local hospital, treated for their injuries and released just a few hours after the incident.
a four-branch joint venture finance company; and Bank of America Preferred Banking, a two-branch consumer banking unit, all based in Hong Kong.
G&D's Secure Chip Management Solution allowed Bank of America to create a trial with a true "go-to" process to personalize the phones, something that has been missing in previous NFC mobile payment tests," said John Suchanec, Senior Vice President of Bank of America.
This process now reflects the merged strengths of both Security Pacific and Bank of America in the cash management business.
Bank of America remains committed to its Six Sigma methodology and has implemented various projects to advance the organizations processes, leverage economies of scale and increase productivity.
The Prime Value Fund also will be used to support Bank of America products related to asset-backed securities.
The Bank of America user acceptance trial program will distribute Oberthur's VersaFOBs with MasterCard PayPass as companion devices to its traditional credit cards.