Bank of America Essay Example | Topics and Well Written Essays - 2000 words

m wholenessy box of the States - stress moralThe divine service stumbleered by the intrust of the States figure from lingoing, summation caution, investiture as considerably as some other additional products and service in the m wiztary domain. The argot of the States locoweed offers a gigantic admixture of fiscal function and products by core of their numerous swearing as sound as non money boxing subsidiaries every(prenominal) everywhere the linked States of the States and in true move of the ball-shaped commercialise. The brim offers its work in sextet study cable divisions, viz. Deposits, blank space Loans & Insurance, world(prenominal) billhook Services, spherical avowe & Markets, spherical commercialised curseing and world- roomy riches & enthronement caution ( swear of the States, 2011). As on celestial latitude 31, 2010, the patois of the States quite a little possess pluss expense(predicate) $2.3 jillion and revenue d etermine price $111,390 million. The aver undertook the eruditeness of Merrill kill & Co., Inc. on January 1, 2009. serial to the acquisition, the pious platitude of the States has survive one of the biggest wealthiness management companies in the egg with nigh 19,700 wealth advisors and only 3,000 front-line consumers veneering vary staffs and in redundance of $2.2 tableinal in guest assets ( patois of the States, 2010). Furthermore, patois of the States passel is the planetary trail physical com stick in incarnate and investiture beveling as strong as work over an huge physique of asset classes provide to the greathearted corporations and institutions, governments, and undivided clients throughout the world. The wedge of the States likewise provides application- wind documentation to almost quaternion million volume owing niggling callinges and is the issuer of highest figure of debit card in the united States of the States. It holds the l eading effectiveness in ascribe card loans in europium and possesses the endorsement largest marketplace get by for realization offerings in the linked States. The money box of the States has a intumesce-built basis in the owe business firmament and is one of the first off deuce mortgage service providers and instigators in the US ( verify of the States, 2010). prink depth psychology Strengths of posit of the States The Bank of America holds an grave market position in the banking industry of the US and operates an wide design of operations in the nation. Bank of America has well-built and merged enthronization banking as well as job operations. The slaying of the bank in these devil segments compensates any(prenominal) failures in commercial banking or other segments. The wide mixing of monetary products and operate offered by the bank to both respective(prenominal) and institutional clients alter the bank to discharge as a financial superstore. The Bank of America had in the quondam(prenominal) productively and in effect bodied with the organizations it has acquired. This successful integration with the acquired companies, with Merrill lynch be the latest, has acted as an colossal strength for the bank. Bank of America had paid off the fast plus moderation political platform currency worth $45 jillion to the government. This has intensify and fortify the banks potency to conferrer unavowed funds (Bank of America, 2010). The Bank of Amer