Summary

Bank of America is one of the largest financial companies in the world. The company is primarily a commercial and retail bank in the United States, with a network of more than 4,000 offices across much of the country. The 2005 acquisition of MBNA made Bank of America the nation’s largest credit card lender. Therefore, trends in consumer interest rates, employment, income growth and borrowing patterns pose a significant risk to the company’s earnings. The acquisition of Country in 2008