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 ?
Nowhere is that vulnerability more apparent than in the vast California market, where Seattle-based Washington Mutual has come out of nowhere to establish itself as the third-biggest deposit-taker behind two San Francisco-based leviathans: BankAmerica Corp.
1, 1999--Recent earnings reported by banks like BankAmerica Corp.
CUSTOMERS SUING BANKAMERICA, GREAT WESTERN: Customers of BankAmerica Corp.
Harvey Radin, a spokesman for San Francisco-based BankAmerica Corp.
NationsBank") at the time that the August 4, 1998 Proxy/Prospectus concerning NationsBank's merger with BankAmerica Corp.
If you have not received a printed Notice of Proposed Class Action Settlement, Attorneys' Fee and Expense Applications, Hearing Date, and Class Members' Right to Share in Settlement Fund (the "Notice"), you may obtain a copy of the Notice and of a Claim Form by writing to: Claims Administrator, BankAmerica Corp.
Goldberg pointed to Bert Boeckmann, Saban Entertainment, Ticketmaster of Southern California and BankAmerica Corp.
It is the latest in a string of bank-related blockbusters this year that have surprised Wall Street, including the mergers of Citicorp and Travelers Group, BankAmerica Corp.
NEW YORK, April 13 /PRNewswire/ -- Fitch IBCA affirms its ratings for BankAmerica Corp.
The resulting Charlotte-based parent will be called BankAmerica Corp.