Bank of America is the establishment created to make financial life excellent and concentrate on achieving the development of an individual and the nation. We have strong guidelines for professional and business growth and value our vendors, shareholders, clients, business enterprise and the customers. We offer Security Research, Sales and Trading, Capital Raising and Advisory functions to the customers around the world.
Factsheet of Bank Of America| Bank Name | Bank Of America |
| Founded in | Sept. 30, 1998 |
| Promoters/founders | Amadeo Giannini |
| Headquarter Address | Bank of America Corporate Centre |
| Employee's | 133812 |
| Type of Bank | Private Bank |
| Official Website | https://about.bankofamerica.com/en |
| Customer Care Number | 022 66323000, 8007329194. |
The Bank of America Corporation is known as the Bank of America or BOA, is a financial and investment establishment having its headquarters in Charlotte in North Carolina. This is the second largest bank in USA after J P Morgan Chase. The major competitors of this bank is Wells Fargo, Citigroup. This bank was created after the merger of the BankAmerica and the Nations Bank and the Massachussets Banks merger with the FleetBoston in 1999.
You will be astonished to know that there are 4600 branches across the world and more than 16,200 ATM operational at present. We are very good in offering various services like Private Equity, Risk Management, Mutual Funds, Insurance, Investment Management, Credit Cards, Management Techniques and others.
There are around 2 Lakh employees worldwide and making a huge impact in the financial World. We have acquired great financial establishments like the Merrill Lynch and the Countrywide Financial.
There are various banking services offered by the Bank of America Corporation given below as follows:
There are various loans and credit facilities offered by the Bank of America given below as follows:
Bank of America is one of the biggest bank of USA and have been involved in various legal tangles. Some of them are as follows:
Former Bank of America, CFO Mr. Joe Price, was sued by a financial company against mismanagement of various financial resources and hiding critical information during the merger of BOA with Merrill Lynch. US Department of Justice and BOA agreed to a whopping 7 million dollar agreement over the issue.
Consumer Financial Protection Bureau (CFPB) asked Bank of America to pay 727 million dollars to customers around the world harmed by services relating to the Credit Cards and its supplementary features.
Bank of America agreed to settle the issue by paying the 335 million dollars to some groups of Hispanic Americans wanting to have their house, were discriminated by the higher officials of the bank. It was known as the National Mortgage Settlement (NMS).
Bank Of America has 4 IFSC connected branches in India. Bank has branches in following states:
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