scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 1,538
Bank of America is a bank holding company that provides a full range of banking and financial services and products to more than 28 million households and 2 million businesses in the US and internationally Its primary market areas encompass the entire United States after the recent merger 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 management global corporate and investment banking and equity investments Standard and Poors describes the segments as follows Consumer and commercial banking provides a wide range of products services to individuals small businesses and mid-market companies through delivery channels that include about 4277 banking centers and 13241 ATMs located in 21 states and the District of Columbia The segment provides specialized services such as the origination and servicing of residential mortgage loans issuance of credit cards student lending and certain insurance services commercial lending and treasury management services Asset management includes the private bank financial solutions for high net worth clients capital management equity fixed income cash and alternative investments and investment services full service and discount brokerage services Global corporate and investment banking provides capital raising products trade finance treasury management capital markets leasing and financial advisory services to domestic and international corporations financial institutions and government entities The US Federal Reserve is expected to raise interest rates for the first time in four years this week amid growing concern over inflation Based on futures contracts at the CBOT the market is betting with 86 certainty that Greenspan will raise rates by 25 basis points at the FOMC meeting this week This will likely be the first of many rate hikes as the Fed begins to move short term borrowing costs away from the low of one percent Many investors believe that a rising interest rate environment is a good reason to avoid investing in bank stocks and financials
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA