Introduction
The Bank of America is one of the largest financial institutions in the United States of America. In accordance with 2015 reports, the company was the twenty-third biggest company in the United States in terms of gross revenue. When the company acquired Merill Lynch in 2009, it became one of the most significant wealth and investment management corporations in the world, demonstrating 10-12% increase of its assets and portfolio annually (Bank of America, 2016). Holding more than 14% of all banking deposits in the United States, the firm has presence in all regions of the United States and in ...
