Bank of America

(redirected from BankAmerica Corp.)
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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 Eighth Circuit spoke on the issue in In re BankAmerica Corp.
and Europe, and formerly held library and information center positions at BankAmerica Corp.
Led by the Federal Home Mortgage Association (Fannie Mae) with a 40% gain and BankAmerica Corp.
which has $2 billion in assets in Arkansas, announced earlier this month that it will merge with BankAmerica Corp.
Last week, TCI struck a deal with banking giant BankAmerica Corp.
For example, Chase Manhattan Bank and BankAmerica Corp.
Ultimately, though, Honfed Bank would reach its final destination with its sale to $189-billion-in-assets BankAmerica Corp.
Prior to retiring from Bank of America in May of 1998, Wilson served in various senior management roles including chairman of Security Pacific Financial Services, a part of BankAmerica Corp.
With approximately $180 billion in assets, it will be less than a third the size of such giants as Citigroup and BankAmerica Corp.
ACORN also plans to negotiate with BankAmerica Corp.
Rosenberg is the retired chairman and chief executive officer of BankAmerica Corp.
Goldberg pointed to Bert Boeckmann, Saban Entertainment, Ticketmaster of Southern California and BankAmerica Corp.