Bank of America

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Bank of America logo

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[change | change source]

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).

References[change | change source]

  1. Wisniewski, Mary; Spielman, Fran (2006-09-12). "Bank of America Admits Ties to Slavery". Chicago Sun-Times. Retrieved 2020-11-08.{{cite web}}: CS1 maint: url-status (link)