Economic Analysis of Bank of America

Bank of America is a bank holding company that provides a full range of banking and financial operate and products to more than 28 million households and 2 million businesses in the U.S. and internationally. Its primary commercial-gradeise areas encompass the entire United States, after the recent jointure with FleetBoston Financial Corporation, as well as selected international markets. The banks operations are divided into the following main business segments: consumer and commercial banking, asset way, global corporate and investment banking and equity investments. mensuration and Poors describes the segments as follows:

Consumer and commercial banking provides a wide range of products helps to individuals, small businesses, and mid-market companies through delivery channels that include around 4,277 banking centers and 13,241 ATMs, located in 21 states and the District of Columbia. The segment provides narrow go such as the origination and servicing of residential mortgage loans issuance of credit cards, student lending and certain insurance services, commercial lending, and treasury management services.

Asset management includes the secret bank (financial solutions for high net worth clients), capital management (equity, fixed income, cash and alternative investments), and investment services (full service and discount brokerage services).

Global corporate and investment banking provides capital height products, trade finance, treasury management, capital markets, leasing and financial advisory services to domestic and international corporations, financial institutions and government entities.

        The U.S. supplyeral restrain is expected to raise interest rates for the first sentence in four years this week amid growing solicitude over inflation. Based on futures contracts at the CBOT, the market is riotous with 86% certainty that Greenspan will raise rates by 25 basis points at the FOMC meeting this week. This will possible be the first of many rate hikes as the Fed begins to move short term borrowing costs by from the low of...

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