The Bank Of America: Financial Institutions

Bank of America Author Name Institution Affiliation Situated in North Carolina, the Bank of America is a multinational investment bank and financial service provider of the United States. It has its sub-centers in London, New York, Toronto, Hong Kong, and Minneapolis. It is an integral part of the Big Four, and the services provided by the Bank of America make up to 11 percent of all American bank deposits; this financial institution has been giving a tough competition to JPMorgan Chase, Wells Fargo, and Citigroup. It is famous the world over for its comprehensive and reliable investment banking, wealth management and commercial banking options. Information found on the Homepage of the Financial Institution The official website of Bank of America is , and on its homepage, information regarding its Credit Cards, Home Loans, and Auto Loans is present clearly. When we move down to the page, we come across some interesting articles like “the future of banking looks bright.” On the left side of the homepage, a red and blue colored box is present in which customers can insert their Online ID and passcode to access personal banking details. The Difference between the Bank of America and Typical Non-Financial Institutions A non-financial institution is the service provider that is unable to provide enough facilities to its customers and may lack a banking license. It is neither supervised by any national banking regulatory authority nor is recognized by an international banking regulatory agency. Non-financial institutions can provide their customers with basic financial services only, like risk pooling, market brokering, contractual saving and investments. Some of the best...