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 ?
Jacobson (In re BankAmerica Corp. Securities Litigation), 775 F.3d 1060 (8th Cir.
262 215 (82%) 32 11 Bankamerica Corp. 260 230 (88%) 168 129 First Union Corp.
Her professional career began at BankAmerica Corp. in San Francisco, directing a worldwide program of research and information services.
Earlier, Moffett was an executive with Star Banc Corp., BankAmerica Corp. and Security Pacific National Bank.
Also in 1998 was NationsBanc Commercial's merger with BankAmerica Corp. in September, which led to NationsBanc's name change to Bank of America Commercial.
Which only makes the domestic financial upheavals of recent months all the more troubling, said McWhinney, whose career has included stints at BankAmerica Corp., Visa International, Engage Media Services Division, and now Charles Schwab & Co.
banks over the previous decade have done more deals, with the possible exceptions of two Charlotte, N.C.-based companies, BankAmerica Corp. and First Union Corp.
and Europe, and formerly held library and information center positions at BankAmerica Corp. A fellow of the Special Libraries Association (SLA), she presently serves on its Government Affairs/Intellectual Property Committee.
Giblen is managing director of Bane of America Securities, a subsidiary of BankAmerica Corp. He can be reached by e-mail at ggiblen@bofasecurities.com.
Led by the Federal Home Mortgage Association (Fannie Mae) with a 40% gain and BankAmerica Corp. with 48.3%, the also-rans outdid the first team with a 14.65% total return for the same period.
Last week, TCI struck a deal with banking giant BankAmerica Corp., software company Intuit and TCI's fledgling AtHome high-speed Internet access service to bring point-and-click banking and bill-paying services to the home via the digital set-top box and the remote control.