Bank of America Corporation, an American multinational banking and financial services company, is the second largest bank holding company in the United States by assets, [5] and the fourth largest bank in the U.S. market capitalization. The bank is headquartered in Charlotte, North Carolina. Bank of America serves clients in over 150 countries and has relationships with 99% of U.S. Fortune 500 and 83% of Fortune Global 500. The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of both the S & P 500 and Dow Jones Industrial Average. [6] [7] [8]
From 2010, Bank of America is the fifth largest company in the United States by total revenue [9] and the second non-oil in the U.S. (after Wal-Mart). In 2010, Bank of America, the Forbes list as the third largest company in the world. [10]
The bank in 2008 the acquisition of Merrill Lynch Bank of America became the world's biggest wealth management and a major player in the investment banking market. [11]
The company has 12.2% of all bank deposits in the United States since August 2009, [12] and is one of the big four U.S. banks, with Citigroup, JPMorgan Chase and Wells Fargo, its main competitors. [13] [14] According to the 2010 annual report, Bank of America is active "in all 50 states, the District of Columbia and over 40 non-American countries." It has a "retail banking footprint," that "approximately 80 percent of the U.S. population." should be "approximately 57 million consumer and small business" in "5900 banking centers" and "18,000 ATMs." [15]
