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 ?
The building's unique footprint will enable Bank of America to operate six major trading floors ranging in size from 43,000 to 99,000 s/f.
This card is not meant to build a nest egg,'' said Michael Chee, spokesman for Bank of America.
It applied the Bank of America approach of looking at the substance of the income-producing activity and analogizing it to a similar income class.
Farmers is currently working with Bank of America to create a system through which the insurance needs of customers seeking home mortgage loans are met, said Feinstein.
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.
The 51-story Bank of America building, to be known as One Bryant Park, is currently under construction on 42nd Street, between Broadway and Sixth Avenue.
With our current lease expiring, we wanted to reinvest in a downtown site that visibly declares our commitment to Los Angeles and the state of California, and also represents our leadership as California's largest bank and the largest consumer bank in the nation,'' said Liam McGee, Bank of America National Consumer Banking president and president, Bank of America California.
Team Bank of America is part of WPP, a world leader in marketing communications operating in 107 countries.
In the face of those who would have us live in fear, we are breaking on a magnificent new skyscraper, 52 stories tall that will house the tremendous offices of another symbol of America, the Bank of America.
I use this machine because it's convenient,'' said Alice Howe, 35, whose account is at First Pacific Bank but uses a Bank of America ATM.
Without any notice or warning, Bank of America stopped honoring checks written by Orbital and closed the accounts even though Orbital had more than enough funds to cover those checks.
The Bank of America was approved to receive up to $38.