Video encyclopedia

Bank of America


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The Bank of America Corporation is an American multinational investment bank and financial services company based in Charlotte, North Carolina with central hubs in New York City, London, Hong Kong, and Toronto. Bank of America is the second largest banking institution in the United States, after JP Morgan Chase. As a part of the Big Four, it services approximately 10.73% of all American bank deposits, in direct competition with Citigroup, Wells Fargo, and JPMorgan Chase. Its primary financial services revolve around commercial banking, wealth management, and investment banking.
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  • History 

  • Bank of Italy 

  • Expansion in California 

  • Expansion outside California 

  • Merger of NationsBank and BankAmerica 

  • 2001 to present 

  • Acquisition of Countrywide Financial 

  • Acquisition of Merrill Lynch 

  • Federal Troubled Asset Relief Program 

  • Bonus settlement 

  • Fraud 

  • Downsizing (2011 to 2014) 

  • Sale of stake in China Construction Bank 

  • $17 billion settlement with Justice Department 

  • DOD Community Bank 

  • Return to expansion (2015-present) 

  • Consumer Banking 

  • Global Banking 

  • Global Markets 

  • Offices 

  • Charitable efforts 

  • CEO pay ratio 

  • Lawsuits 

  • Parmalat controversy 

  • Consumer credit controversies 

  • WikiLeaks 

  • Anonymous 

  • Mortgage business 

  • Competition 

  • Notable buildings 

  • Former buildings