Project scoopProject length: 4 pages Max!To be included in the paper:Overview of the companyWhat was...

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Project scoopProject length: 4 pages Max!To be included in the paper:Overview of the companyWhat was the economic failure from a Risk management prospective which caused the company to file for bankruptcy, and need aid from the government?What were some of the Risk management tools which could have been used to prevent the company’s failure?Any new findings regarding the company’s current asset statusSources:   	Company Annual Report, Form 10-K, Form 10-Q, Proxy Statement, Press Releases. 	Newspapers and Magazines, including: The Wall Street Journal, The Financial Times, The New York Times, The Economist, Business Week, Forbes, Fortune, Bloomberg, etc. 	Other information Sources, including: Lexis-Nexis: Bloomberg Reports, Value Line Reports , Corporate  Please provide a reference page.NOTE: Pay particular attention to grammar, spelling, and punctuation.
	
Document Preview: INDIVIDUAL PROJECTTOPIC:    BANK OF AMERICA    HYPERLINK "https://www.bankofamerica.com/" https://www.bankofamerica.com/ HYPERLINK "http://en.wikipedia.org/wiki/Bank_of_america" http://en.wikipedia.org/wiki/Bank_of_americaProject scoopProject length: 4 pages Max!To be included in the paper:Overview of the companyWhat was the economic failure from a Risk management prospective which caused the company to file for bankruptcy, and need aid from the government?What were some of the Risk management tools which could have been used to prevent the company’s failure?Any new findings regarding the company’s current asset statusSources:Company Annual Report, Form 10-K, Form 10-Q, Proxy Statement, Press Releases. Newspapers and Magazines, including: The Wall Street Journal, The Financial Times, The New York Times, The Economist, Business Week, Forbes, Fortune, Bloomberg, etc. Other information Sources, including: Lexis-Nexis: Bloomberg Reports, Value Line Reports , Corporate Please provide a reference page.NOTE: Pay particular attention to grammar, spelling, and punctuation.

David · Accepted Answer

Bank of America overview
Bank of America Corporation as the name suggests it is one of the banking corporation 
established in America. It is a financial service and multinational banking corporation with 
headquarters in North Carolina. In US, by assets it is the second largest bank holding company 
and third largest non-oil company. Wells Fargo, JP Morgan Chase, Citigroup are the major 
competitors of Bank of America. It is active in 50 states in U.S. and 40 countries other than U.S. 
In the entire world 16,200 ATMs and 5600 banking centers of Bank of America are currently in 
function.
Amadeo Giannini founded Bank of Italy in San Francisco in 1904. In 1922, Bank of America 
and Italy is established by Amadeo Giannini by buying dell’Italia Meridionale which was 
established in 1918.
In 1927, Bank of Italy is consolidated with Liberty Bank of America which was newly 
established by Amadeo Giannini and in 1930 Bank of Italy got renamed as Bank of America. 
In 1983 Bank of America acquired Seafirst Corporation and Washington with its wholly owned 
bank subsidiary. In 1986 Bank of America suffered huge losses because of bad loans in Third 
World.
Due to the 1986 and 1987 losses, Bank of America’s stock declined resulting into hostile 
takeover. Bank of America and Italy is sold to Deutsche Bank, Brokerage firm to Charles 
Schwab & co. and Finance American Subsidiary is sold to Chrysler. The stock market got so 
much crashed that the Bank of America share price had fallen to $8. But by 1972 the position 
started improving.  
In 1992, Bank of America acquired Security Pacific Corporation with its subsidiaries and 
California rival.
In 1994,

Project scoop Project length: 4 pages Max! To be included in the paper: Overview of the company What was the economic failure from a Risk management prospective which caused the company to file for...

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