Bank of America

Bank of America (abbreviated as BofA) is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. It is the second largest bank holding company in the United States by assets. As of 2013, Bank of America is the twenty-first largest company in the United States by total revenue. In 2010, Forbes listed Bank of America as the third biggest company in the world.

Bank of America provides its products and services through operating 5,100 banking centers, 16,300 ATMs, call centers, and online and mobile banking platforms. Its Consumer Real Estate Services segment offers consumer real estate products comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans.

The bank's 2008 acquisition of Merrill Lynch made Bank of America the world's largest wealth management corporation and a major player in the investment banking market. According to the Scorpio Partnership Global Private Banking Benchmark 2014 it had assets under management (AuM) of USD 1,866.6 Bn an increase of 12.5% on 2013.

China Construction Bank (Asia)

China Construction Bank (Asia) Corporation Limited (Traditional Chinese: 中國建設銀行(亞洲)股份有限公司) is a licensed bank incorporated in Hong Kong.

History

The Bank has over 90 years of history in Hong Kong, when its predecessor, the Bank of Canton - the first Chinese-owned bank in the territory - was founded in February 1912.

The Bank of Canton was acquired by the Security Pacific National Bank in 1988, and was renamed Security Pacific Asian Bank. The bank became part of Bank of America following a merger of the Security Pacific National Bank and Bank of America in 1992, and was renamed Bank of America (Asia) in 1993. In terms of net assets, Bank of America (Asia) is the most profitable and the largest subsidiary of Bank of America outside of the United States.

An agreement was signed on August 24, 2006, that the bank was to be acquired by China Construction Bank (CCB) for HK$ 9.7 billion. The deal, which is awaiting regulatory approval by the Hong Kong and mainland China regulators, and CCB shareholders in a general meeting, is expected to be completed by the end of 2006. Bank of America, the parent of Bank of America (Asia) is as of 2006 a strategic investor in CCB, holding a 9% stake. The announcement was made after the CCB failed to acquire Asia Commercial Bank, another Hong Kong-based bank, in February in the same year.

Bank of America Center (Austin)

The Bank of America Center is a building in Austin, Texas. It was built in 1975 and has 261,609 square feet (24,304 m²) of floor space on 26 floors. It is 336 feet (102 m) tall and is located on the east side of Congress Avenue in downtown Austin between 5th and 6th Streets.

References

External links

Coordinates: 30°16′3″N 97°44′33″W / 30.26750°N 97.74250°W / 30.26750; -97.74250