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World's 10 biggest banks
March 27, 2008
Bank of America was formed after the consolidation of quite a few historical banks, the most prominent of those being the Bank of Italy. On January 31, the bank's assets stood at $1,196.124 billion.
In 1958, the bank introduced the BankAmericard, which changed its name to VISA in 1977. A consortium of other California banks came up with Master Charge (now MasterCard).
Bank of America has divisions in US, Europe and Asia. The US headquarters are located in New York, European headquarters are based in London and Asia's headquarters are split between Singapore & Hong Kong.
Image: A man walks by ATM machines at a Bank Of America in New York City. | Photo: Stephen Chernin/Getty Images
Also read: Some must-have gadgets for you!
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