Bank of America Corporation

Bank of America Corporation is one regarding America’s biggest economic companies with Bank Of America Headquarters at 100 North Tryon Street, Charlotte, North Carolina, United States. According to Wikipedia it is the largest bank holding company in america by assets as well as the second largest simply by market capitalization (1). This leading lender holding company is registered inside the New York Stock exchange as Bank of America Corporation (BAC), inside the Tokyo Stock Swap as 8648: JP; additionally it is listed in the particular Dow Jones Market Average Index as well as the S&P 500 List. As of last year, Bank of America Corporation had disclosed the worth of these total assets since US $2. 223 trillion together with total revenue folks $150. 45 thousand. Aside from being one the best bank holding business, it is associated with Financial and Purchase services industry furthermore.

The corporation features a strong history in United States. It absolutely was founded 1928 any time Amadeo Peter Giannini combined his Bank regarding Italy with Orra Elizabeth. Monnette’s bank in Los Angeles. Hence the union with the two banks got the name “Bank of America” that has been headed by Giannini and also co-chaired by Orra Elizabeth. Monnette. Throughout the particular 1950s and 60s, the bank experienced strict legislations in which restricted its more expansion and variation. In 1967, as a result of Bank Holding Business Act, Giannini-Orra’s bank and also all its subsidiaries were bought out by the freshly formed BankAmerica Corporation. Bank America rapidly grew into one of the primary Bank Holding Company in the United states of america; but due to be able to heavy losses inside 1997, the BankAmerica Corporation cannot sustain its economic standing. Finally inside the year 1998, the largest US bank holding company of that time period NationsBank Corporation acquired the BankAmerica Corporation. This acquisition triggered the renaming regarding NationsBank to Bank of America Corporation.

The Bank Of America Careers Jobs continually looks to be able to expand its business throughout the usa. It currently provides separate divisions to control consumer banking, company banking and purchase banking. The bank even offers international presence together with branches and offices in greater than 40 countries which includes India, China, Latin America, United Kingdom and lots of other European nations around the world. The Bank Of America 800 Number Customer Service offers including consumer banking, credit facility, investment loans and asset management with a broad range of men and women and companies throughout the globe.