How Does Bank of America Fulfill the Needs of Its Shareholders Essay - 1

How Does camber of the States go through the Needs of Its Shareholders - Essay ExampleThe researcher states that the Bank of America caters the requirements of individual clients, small phone line organizations as well as large pedigree corporations with a variety of banking and financial run. The work offered by the Bank of America range from banking, asset management, investing as well as other additional products and services in the financial domain. The Bank of America Corporation offers a broad assortment of financial services and products by means of their numerous banking as well as nonbanking subsidiaries all over the unite States of America and in certain parts of the global market. The bank offers its services in six major business divisions, viz. Deposits, Home Loans & Insurance, Global Card Services, Global Banking & Markets, Global Commercial Banking and Global Wealth & enthronement Management. As on December 31, 2010, the Bank of America Corporation possessed as sets worth $2.3 trillion and revenue enhancement values worth $111,390 million. The bank undertook the acquisition of Merrill Lynch & Co., Inc. on January 1, 2009. Consequent to the acquisition, the Bank of America has endure one of the biggest wealth management companies in the globe with almost 19,700 wealth advisors and further 3,000 front-line consumers facing specialize staffs and in excess of $2.2 trillion in customer assets. Furthermore, Bank of America Corporation is the worldwide conduct organization in corporate and investment banking as well as trading over an colossal variety of asset classes catering to the large corporations and institutions, governments, and individual clients throughout the world. The Bank of America also provides industry-leading pay to around four million people owning small businesses and is the issuer of the highest number of debit cards in the United States of America. It holds the leading position in credit card loans in Europe and posses ses the second largest market shell out for credit offerings in the United States. The Bank of America has a well-built foothold in the mortgage business sector and is one of the foremost two mortgage service providers and instigators in the US.