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Bank of America (BofA) is a financial multinational corporation, providing a wide suite of banking and financial products, as well as services for individual consumers, institutional investors, small and medium-sized businesses, corporations and governments in the United States and internationally. The company’s main areas of operation include banking services, real estate services, global banking and investment management.
BofA is the second-largest banking institution in the US by assets and ranks 3rd among the largest companies in the world (Forbes, 2010). The bank’s 2009 acquisition of Merrill Lynch rendered BofA the world’s largest wealth management company and one of the leaders in investment banking. It is one of the Big Four banks in the US, along with its main competitors JPMorgan Chase, Citigroup and Wells Fargo. The company has retail branches in all US states and in 40 other countries, serving more than 50 million consumers and small businesses.
Number of employees: 233,000
Year of establishment: 1874
Headquarters: Charlotte, North Carolina, United States
Official site: www.bankofamerica.com
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