Bank of America

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Group.png Bank of America  
(Bank, Financial institution)Rdf-entity.pngRdf-icon.png
Bank of America logo.png
Formation1956
HeadquartersNorth Carolina, USA
Member ofAtlantic Council/Corporate Members, Business Roundtable, World Economic Forum/Strategic Partners
Second biggest bank in the US

The Bank of America Corporation (simply referred to as Bank of America) is an American multinational investment bank and financial services holding company headquartered in Charlotte, North Carolina.

The bank is on the list of global systemically important banks, so it is one of the 30 major banks that have been classified as a systemically important financial institution by the Financial Stability Board (FSB).[1]

Working with the FBI

At the request of the FBI after the January 6 2021 riots at the US Capitol, but without a warrant, the bank gave confidential banking details of anyone making certain purchases in and around Washington DC before and after the riots, and handed over the information of 211 people. The FBI wanted information on customers who made debit or credit card purchases in DC, reserved hotels and Airbnbs in and around the capital, patronized weapons stores and made airline reservations. Only one of those 211 people was brought in for questioning, and none of them were arrested,[2]

Owners

One of the largest stakeholders in 2011 was Warren Buffett's the investment company Berkshire Hathaway[3]

According to Nasdaq, the top five institutional investors are [4]

1. Berkshire Hathaway INC 679,000,000
2. Vanguard Group INC 671,120,942
3. Blackrock INC. 661,920,128
4. [{State Street Corp. 420,649,352
5. FMR LLC 342,334,404



References