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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References in periodicals archive ?
Bank of America, N.A. is acting as administrative agent for a group of financial institutions providing the New Term Loan Facility.
The Bank of America, N.A. bond had originally been assigned an incorrect rating.
Bank of America, N.A. acted as administrative agent, joint lead arranger and joint bookrunner.
On February 25, 2016, BGC entered into a committed unsecured credit agreement with Bank of America, N.A. (NYSE: BAC), as administrative agent, and a syndicate of lenders that included Capital One, N.A.
He began his career as an analyst in the same group at Bank of America, N.A. Mr.
Lead arrangers and bookrunners were Bank of America, N.A.; Deutsche Bank AG, Singapore Branch; The Hong Kong and Shanghai Banking Corp.
Bancorp (NYSE:USB) announced the completion of the purchase of the US and European securitisation trust administration business of Bank of America, N.A., part of Bank of America Corp (NYSE:BAC).
Bank of America, N.A. acts as the letter of credit bank, the depositary, as well as issuing and paying agent.
TOP 10 BANKS IN MUTUAL FUND & ANNUITY FEE INCOME TEAR-TO-DATE JUNE 30, 2008 Nationally YTD MUTUAL FUND & ANNUITY INCOME PERCENT CHANGE RANK 2Q 2008 2Q 2007 2007-2008 BANK HOLDING COMPANY (ALL DOLLAR AMOUNTS IN THOUSANDS) 1 $962,502 $1,003,974 4.13% Bank of America, N.A. 2 $300,000 $304,000 1.32% Wachovia Bank, N.A.
In separate, coordinated actions, the Office of the Comptroller of the Currency announced the execution of a formal agreement with Bank of America, N.A., Charlotte, North Carolina, a wholly owned subsidiary of Bank of America Corporation, and the U.S.
IL 173.0 Top 5 Banks in Mutual Fund and Annuity Income More than $10 Billion in Assets ($ Millions) Name Domicile Income Bank of America, N.A. NC $686.0 Mellon Bank, N.A.