Friday, August 24, 2012
Bank of America: Making Indelible Footprints in the US and Beyond
Bank of America is a US-based multinational company that offers financial and banking services. The company’s headquarter is located in Charlotte, North Carolina. Bank of America is second among the biggest bank holding companies in the US. The bank’s clients are located in over 150 countries. Ninety-nine percent of US Fortune 500 companies and 83% of the Fortune Global 500 are transacting business with Bank of America.
Bank of America is ranked fifth among the largest companies in the US in terms of revenue and third among the largest non-oil companies in the US as of 2010. Forbes magazine ranked Bank of America as the third largest company worldwide.
As of 2009, Bank of America is cited as one of the Big Four banking institutions in America along with the likes of Wells Fargo, JP Morgan Chase and Citigroup.
Bank of America serves roughly 80% of the US population. It operates over 5,700 branches and 17,750 ATMs.
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