Bank of America
Bank of America is a multinational bank group. Its headquarters is in Charlotte, North Carolina. The company has 5,600 branches in over 150 countries. It is the fifth largest company in the United States. It is one of the "Big Four" Banks in the United States. It manages about 10.73% of all money put into banks. It directly competes with other big banks, like as JPMorgan Chase, Citigroup, and Wells Fargo.
Several of the banks which became Bank of America were involved in the slave trade.[1]
Bank of Italy
Bank of America was created in October 17, 1904. However, it was not called Bank of America yet. It was called Bank of Italy. Bank of Italy was created by Amadeo Pietro Giannini in San Francisco. A different bank, which was called Bank of America, was created in 1922, in Los Angeles. In 1928, the two banks merged with other banks, and created another bank, also called Bank of Italy. In November 3, 1930, the bank's name was changed into Bank of America National Trust and Savings Association. Afterwards, they merged with many more banks (such as Banca d'America e d'Italia, Bancitaly Corporation, and many more banks).
Bank Of America Media
Amadeo Giannini, founder of Bank of Italy, in 1927
Entrance to Bank of America in San Francisco in 1943
Bank of America Tower, headquarters for Bank of America's investment banking operations, seen from Bryant Park in Midtown Manhattan, in 2015
A typical Bank of America branch in Los Angeles
Emergency ATMs put in place in Hoboken, New Jersey following Hurricane Sandy in 2012
Chart showing the trajectory of Bank of America's share value and transaction volume during the 2008 financial crisis
Bank of America's footprint in 2015, prior to its organic expansion in the Denver, Indianapolis, Ohio, Pittsburgh, and Twin Cities markets
References
- ↑ Wisniewski, Mary; Spielman, Fran (2006-09-12). "Bank of America Admits Ties to Slavery". Chicago Sun-Times. Retrieved 2020-11-08.