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.
References in periodicals archive ?
April 22 /PRNewswire/ -- Bank of America Corporation as successor to BankAmerica Corporation announced the redemption of its 7% Trust Originated Preferred Securities issued by BankAmerica Capital Trust IV.
NationsBanc Montgomery Securities LLC, a subsidiary of BankAmerica Corporation (NYSE: BAC), is a full-service investment bank and brokerage firm with approximately $2.
Lockhart has served as a venture partner at Oak Investment Partners, chairman and chief executive officer of NewPower Holdings, president of Consumer Services for AT&T, president of Global Retail Bank and vice chairman of BankAmerica Corporation, and president and chief executive officer of MasterCard International.
BankAmerica Corporation (NYSE: BAC) stock is listed on the New York, Pacific and London stock exchanges and certain shares are listed on the Tokyo Stock Exchange.
Louis, MO), Citizens & Southern Corporation (Atlanta, GA), where he also was President of the company and BankAmerica Corporation (San Francisco, CA).
3 /PRNewswire/ -- BankAmerica Corporation (NYSE: BAC) has priced a global offering of $1.
27 /PRNewswire/ -- The BankAmerica Corporation (NYSE: BAC) board of directors today declared a regular quarterly dividend of $.
The rating action is in response to DCR's recent upgrade of NationsBank Corporation (NB) and its subsidiaries upon the completion of the merger between BankAmerica Corporation and NB.
1 Chase Manhattan Corporation $51,670,542,857 53 17% 2 NationsBank 39,440,642,857 50 13 3 BankAmerica Corporation 34,942,642,857 29 12 4 J.
NationsBank Corporation and BankAmerica Corporation merged on September 30, 1998, into the new BankAmerica Corporation (Bank of America).
30 /PRNewswire/ -- Notice is hereby given that a class action lawsuit was filed on behalf of all former NationsBank Corporation stockholders whose shares were converted into "new" BankAmerica Corporation (NYSE: BAC) shares in connection with the merger of NationsBank and BankAmerica.