Bank of America is a major multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It was founded in San Francisco in 1852 and first took its current form in 1998 when NationsBank of Charlotte acquired the company. The company has numerous services and a wide variety of products. The bank also has a partnership with the United States Department of Defense.
BANK OF AMERICA IS A MULTINATIONAL BANKING AND FINANCIAL CORPORATION
As a Fortune 500 company, Bank of America is an American multinational banking and financial corporation. It is headquartered in Charlotte, North Carolina, and has offices throughout the United States. Bank of America also has offices in Boston and San Francisco and has over 30,000 employees. It ranks 91st among the nation’s 100 largest banks according to Forbes. In 2011, the bank began reducing its staff by 36,000 employees. It plans to save $5 billion per year by 2014 through this restructuring.
The company offers a variety of financial services to both small businesses and individuals. It has a suite of online banking products and services that serve consumers across the country and in territories around the world. Its stock is listed on the New York Stock Exchange.