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 much than 28 million households and 2 million businesses in the U.S. and internationally. Its patriarchal mercenary-gradeise areas encompass the entire United States, after the recent union with FleetBoston Financial Corporation, as well as selected international markets. The banks operations are divided into the following main business segments: consumer and commercial banking, asset way, global corporate and investment banking and equity investments. mensuration and Poors describes the segments as follows: Consumer and commercial banking provides a wide range of products helps to individuals, depressed businesses, and mid-market companies through delivery channels that include around 4,277 banking centers and 13,241 ATMs, determined in 21 states and the District of Columbia. The segment provides narrow go such as the origination and servicin g of residential owe loans issuance of credit cards, student lending and certain amends aids, commercial lending, and treasury watchfulness services. Asset management includes the unfathomed bank (financial solutions for high net worth clients), 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 informatory services to domestic and international corporations, financial institutions and government entities.         The U.S. supplyeral tighten up is expected to raise interest rates for the first execration in four years this week amid growing consternation over inflation. Based on futures contracts at the CBOT, the market is truehearted with 86% certainty that Greenspan will raise rates by 25 basis points at the FOMC meeting this week. This will fea! sible be the first of many rate hikes as the ply begins to move short term borrowing costs by from the low of... If you want to get a full essay, play club it on our website: BestEssayCheap.com

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