BANK OF AMERICA

COMPANY PROFILE
Bank of America Corporation is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is the second-largest bank holding company in the United States by assets. Bank of America serves clients in more than 150 countries and has a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500

The bank's 2008 acquisition of Merrill Lynch made Bank of America the world's largest wealth management corporation and a major player in theinvestment banking market.
As of 2010, Bank of America is the fifth-largest company in the United States by total revenue, as well as the third-largest non-oil company in the U.S. (after Walmart and General Electric). In 2010, Forbes listed Bank of America as the 3rd biggest company in the world.

HISTORY
Bank of Italy Growth in California Expansion outside California Merger of NationsBank and BankAmerica

2001 TO PRESENT
In 2001, Bank of America CEO and chairman Hugh McColl stepped down and named Ken Lewis as his successor. In 2004, Bank of America announced it would purchase Boston-based bank FleetBoston Financial for $47 billion in cash and stock On June 30, 2005, Bank of America announced it would purchase credit card giant MBNA for $35 billion in cash and stock. On November 20, 2006, Bank of America announced the purchase of The United States Trust Company for $3.3 billion, from the Charles Schwab Corporation.

Contd.
Acquisition of Countrywide Financial Acquisition of Merrill Lynch Federal Troubled Asset Relief Program (TARP) Bonus settlement Municipal bonds fraud Downsizing (2011 to 2014)

OPERATIONS
Consumer Corporate Investment management International operations

BOA AND INDIA

The bank has its India headquarters in Mumbai, with five branch offices across Mumbai, New Delhi, Kolkata, Chennai, and Bengaluru. With an India presence for nearly five decades, Bank of America is committed to it's clients in India and has a well established track record and market expertise in Indian financial markets. The bank's India-based coverage specialists and product professionals work together to leverage Bank of America's global strength to meet clients' comprehensive needs including working capital needs, treasury management, trade finance & solutions, capital raising, risk management, forex and fixed income.

FINANCIAL ANALYSIS
PERIOD ENDINGTotal Revenue 31-Dec-2011 115,074,000 31-Dec-2010 134,194,000 31-Dec-2009 150,450,000

Net Income Total Assets

Total Liabilities

1,446,000 2,129,046,000
1,898,945,000

(2,238,000) 2,264,909,000
2,036,661,000

6,276,000 2,230,232,000
1,998,788,000

All numbers in thousands

CSR
new eco-friendly office tower in Manhattan pledged to spend billions on commercial lending and investment banking for projects that it considers "green The corporation supplied all of its employees with cash incentives to buy hybrid vehicles, and began providing mortgage loan breaks for customers whose homes qualified as energy efficient. n 2007, Bank of America partnered with Brighter Planet to offer an eco-friendly credit card, and later a debit card, which help build renewable energy projects with each purchase. Bank of America has also donated money to help health centers in Massachusetts[95] and made donations to help homeless shelters in Miami.[96]

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