The Bank of America (BofA) is a financial multinational corporation, providing a wide suite of banking and financial products, as well as services for individual consumers, institutional investors, small and medium-sized businesses, corporations and governments in the United States and internationally. The company’s main areas of operation include banking services, real estate services, global banking and investment management.
BofA is the second-largest banking institution in the US by assets and ranks 3rd among the largest companies in the world (Forbes, 2010). The bank’s 2009 acquisition of Merrill Lynch rendered BofA the world’s largest wealth management company and one of the leaders in investment banking. It is one of the Big Four banks in the US, along with its main competitors JPMorgan Chase, Citigroup and Wells Fargo. The company has retail branches in all US states and in 40 other countries, serving more than 50 million consumers and small businesses.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
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