Economic Analysis of Bank of America

Bank of America is a bank holding familiarity that provides a full range of banking and financial operate and products to more(prenominal) than 28 million households and 2 million businesses in the U.S. and internationally. Its aboriginal mercantile-gradeise areas encompass the entire United States, after the recent fusion with FleetBoston Financial Corporation, as well as selected international markets. The banks trading operations are divided into the following main business segments: consumer and commercial banking, asset way, global corporate and investment banking and equity investments. quantity and Poors describes the segments as follows: Consumer and commercial banking provides a wide range of products helps to individuals, refined businesses, and mid-market companies through delivery channels that include around 4,277 banking centers and 13,241 ATMs, situated in 21 states and the District of Columbia. The segment provides narrow go such as the originati on and servicing of residential owe loans issuance of credit cards, student lending and certain insurance policy wait ons, commercial lending, and treasury panic services. Asset management includes the undercover bank (financial solutions for high net worth clients), jacket crown management (equity, fixed income, cash and alternative investments), and investment services (full service and discount brokerage services).

Global corporate and investment banking provides capital height products, trade finance, treasury management, capital markets, leasing and financial advisory services to domestic and interna tional corporations, financial institutions ! and government entities.         The U.S. supplyeral adjudge is expected to raise interest rates for the first excoriate in four years this week amid growing solicitude over inflation. Based on futures contracts at the CBOT, the market is turbulent with 86% certainty that Greenspan will raise rates by 25 basis points at the FOMC meeting this week. This will doable be the first of many rate hikes as the federal official begins to move short term borrowing costs by from the low of... If you want to get a full essay, golf game club it on our website: BestEssayCheap.com

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