Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving more than 55 million consumer and small business relationships with approximately 5,500 retail banking offices and approximately 16,300 ATMs and award-winning online banking with 30 million active users.

Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange. (www.bankofamerica.com)

 

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Latest Headlines

Latest Headlines

Banks should follow Apple, Starbucks in branch redesigns

It's certainly true that banks are rationalizing the sheer number of branches they support, especially in regions where the costs outweigh the returns. But banks are also investing in the branch experience, which has led to lots of design and technology enhancements.

Bank of America ranks high in EPS growth

When Bank of America ( NYSE: BAC ) released earnings for the first quarter of 2013 last month, it counted as a downside surprise, as the bank reported a fully diluted $0.20 per share vs. expectations of about $0.23 per share.

Social impact bonds starting to take off

I noted not too long ago that Goldman Sachs was pioneering an approach to social engineering via so-called social impact bonds.

Bank of America to face $7 billion claim by AIG

When it comes to litigation liability, Bank of America seems to lose ground, even as it gains ground.

Bank of America wins legal victory for MBS settlement

Bank of America has scored a big legal victory in its battle to secure approval of a controversial $8.5 billion settlement with select bond holders over allegedly tainted MBSs. The settlement, which was announced two years ago, was considered a coup for the bank, but bond holders not party to the original settlement voiced huge reservations and attorneys general in New York and Delaware opened investigations.

Bank of America meets this week in Charlotte, NC

Bank of America's shareholders will gather for their annual meeting this week, amid a much less emotionally charged climate than companies like JPMorgan Chase.

Big decision looms in Bank of America case

When the Justice Department decided to prosecute Bank of America for defrauding the big housing GSEs, it relied on the Financial Institutional Reform, Recovery and Enforcement Act of 1989 (FIRREA), which allows the government to file civil charges for fraud "affecting a federally insured financial institution."

Big banks make progress on customer service

Banks have tried mightily to repair their customer service reputations, which was no small task in the wake of the financial crisis, when all banks were tarred as anti-consumer.

Bank of America's biggest challenge

Expenses no longer represent Bank of America's ( NYSE:BAC ) biggest challenge. With Project New BAC, the bank has proven that it can wring costs out aggressively. The trend on that front has been satisfactory.

BofA unveils 6 new mobile banking features

Bank of America may not be the most cutting-edge institution when it comes to mobile banking--it often lags behind their smaller, nimbler competitors by years--but when they do offer a new widget, it's sure to be used.