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Thread: A review on Bank of America

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    Lightbulb A review on Bank of America

    Strong bank with strong assets in the USA



    Bank of America (in English: Bank of America) is the second largest commercial bank in the United States of America by market value. It is also the largest bank in the United States providing financial services and the largest by ownership.
    It tops the list of American banks in the USA


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    Prior to 1998, Bank of America, now known as NationsBank, was known as North Carolina National Bank (NCNB). In 1998, the Nations Bank of America acquired BankAmerica, which was based in San Francisco. And the institution changed its name to its current name, Bank of America.



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    As for BankAmerica, it was the result of a merger of Bank of Italy, which was founded in San Francisco by Amadeo Giannini in 1904. At the end of the 1920s, Giannini proposed to banker Ura Eugene Monetti, president and founder of Bank of America Los Angeles. (Founded in 1932), it was offered to merge the two institutions. The merger was completed in early 1929 and BankAmerica took its name.



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    Banking features:
    1- It achieves large profits around the world and its profits exceed 22 billion dollars annually.
    2 - It has many branches in the United States of America and in every city you can find the bank distributed over more than one region.

    https://forum.mt5.com/showthread.php?289222-GEMMA-S-TRADING-JOURNAL&p=14883526#post14883526


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    [SIZE="7"][I][COLOR="blue"]

    The Bank of America Corporation simply referred to as Bank of America , often abbreviated as (BofA) is an American multinational investment bank and financial services holding company headquarter in charlotte North Carolina Central hubs in New York ,City London ,Hongkong ,dallas and Toronto. Founded in San Francisco bank of America was formed throw National Bank aciquisiton of bank America in 1998 it is the second largest banking institution in the United States after JP Morgan Chase and eighth largest bank in world. Bank of America is one of the big fourth banking Institution of United State IT services approximately 10.7 3% of all American Bank deposits in directp competition with the JP Morgan Chase citigroup and Wells Fargo at primary Financial Service revolve around commercial banking Wealth Management and investment banking.

    PRODUCTS,

    Consumer banking ,corporate banking, insurance investment banking, Mortgage loans, private banking ,private equality, Wealth Management ,credit ,

    ADVANTAGES,

    1. Accessibility bank of America is omnipresent
    2. Ease of use Bank of America II offers branch banking free online banking mobile and text banking..
    3. Automatic savings..
    4. Safety and security..

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    5. A variety of checking account..
    6. Investment option.

    DISADVANTAGES,

    1. Account fees.
    2. Slow service.
    3. Low interest rate.
    4. Lack of responsiveness.

    ---------- Post added at 06:49 PM ---------- Previous post was at 06:48 PM ----------

    BANK OF AMERICA,

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    The Bank of America Corporation simply referred to as Bank of America , often abbreviated as (BofA) is an American multinational investment bank and financial services holding company headquarter in charlotte North Carolina Central hubs in New York ,City London ,Hongkong ,dallas and Toronto. Founded in San Francisco bank of America was formed throw National Bank aciquisiton of bank America in 1998 it is the second largest banking institution in the United States after JP Morgan Chase and eighth largest bank in world. Bank of America is one of the big fourth banking Institution of United State IT services approximately 10.7 3% of all American Bank deposits in directp competition with the JP Morgan Chase citigroup and Wells Fargo at primary Financial Service revolve around commercial banking Wealth Management and investment banking.

    PRODUCTS,

    Consumer banking ,corporate banking, insurance investment banking, Mortgage loans, private banking ,private equality, Wealth Management ,credit ,

    ADVANTAGES,

    1. Accessibility bank of America is omnipresent
    2. Ease of use Bank of America II offers branch banking free online banking mobile and text banking..
    3. Automatic savings..
    4. Safety and security..
    5. A variety of checking account..
    6. Investment option.

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    DISADVANTAGES,

    1. Account fees.
    2. Slow service.
    3. Low interest rate.
    4. Lack of responsiveness.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Bank of America is big commercial bank in the America and san francisco. it is the second largest bank which was founded by 1998. It is one of the biggest bank of four Bank into the United State. It is play important role in to the investment banking and Wealth Management.
    Founder of this bank is Giani.
    Its headquarter is present and to the New York as investing Bank.
    The areas served with that is as international service.
    The number of location of this bank is having 46000 retail centre.
    The total equity of this bank is 294 billion dollar.
    The total revenue of this bank is 91 billion dollar.
    The number of employees that are working and to this bank or 200to 4000k.
    It is needed by independent director of Bank of America.

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    ADVANTAGES:_
    This bank is providing the different kind of facilities about product and services.
    It provide the safety to the customer accounts and money It has good kind of security systems. it provide the different kind of investment options.
    Head provide the different kind of profit to the customer.

    DISADVANTAGES:_
    This bank is having low interest rate provide to the customer which is not suitable.
    On the other hand it is having low response of employees to the customer and not good service.
    It has very lazy kind of service and it it has charge fees.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    What is Bank of America? - The Key to Understanding It

    How much exposure is Bank of America having to residential mortgage loans? How does Bank of America reporting these loans to the credit bureaus?

    How many billions of dollars is Bank of America reserving for potential loan losses on its mortgage portfolios? Is it feasible that there are billions more of "embedded" loan losses waiting to surface in future years as these mortgage-backed securities mature? As those losses mount up, will Bank of America be forced to file for bankruptcy?

    Is Bank of America using a variety of strategies to protect its assets from potential adverse credit events? These strategies include but are not limited to: credit-default swaps, credit-default protection and credit-mirror securities. In this article I'll describe and explain a few of these strategies.

    Credit Default Swaps (CDS) - CDS are "credit derivative securities" that are similar to stocks and bonds. They are also similar to insurance or other forms of financial contracts. In essence, a credit default swap provides a temporary bridge loan that will be used to offset any potential credit losses due to nonpayment or default of debt. The temporary bridge loan is typically a short-term loan with interest rates based upon the "whiff" rate of the underlying asset.

    An example of a credit default swap may be a bank issuing an IOU to a property owner or borrower. The IOU provides a short term bridge loan at a fixed rate with a fixed term. The borrower agrees to repay the loan by delivering the property at the agreed upon date and the lender pays the borrower's principal and interest by transferring the debt to another bank account. The borrower and lender share the risk of incurring the losses that result from the repayment of the loan. The downside of a credit default swap is that if the borrower defaults, then the lender has no collateral or equity in the loan to offer to redeem the debt.

    In addition, credit default swaps often involve a margin loan to the borrower as a form of "credit insurance." In order to secure the short-term commitment of the borrower to repay the loan, the lender typically requires a credit-default swap security (usually collateral).

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    Credit-Dependency Protection Trusts (CDOs) - A credit-Dependent protection trust is an unsecured, unregistered, guaranteed contract between an insurance carrier and an insurance coveree. This contract enables the insurer to collect premiums on the trust and pay premiums to an insurance-coverage agency on behalf of the insurance holder in return for the insurance company's payment on a claim for credit default swaps. The premiums paid by the insurer to go to an insurance company, which pays the premium on behalf of the claimant. In essence, an insurance cover protects an insurer against risks related to credit-default swaps.

    These three categories of credit derivatives are just some of the various forms of "credit-related" products that are available to financial institutions. Many other types of credit derivatives are available such as credit-default swaps, credit-based swaps and swap-based credit derivatives.

    Since credit derivatives provide financial institutions with exposure to risk, they should be viewed as a low-risk form of insurance. However, the use of these products should be carefully regulated because they provide institutions with increased potential exposure to risks that they would not be covered for under traditional insurance.

    Because of their potential risks, credit derivatives must be well monitored by regulatory agencies. These agencies may regulate the premiums and commissions charged by the issuers of the products. They may also limit the amount and timing in which these premiums can be paid. They may also require issuers to disclose information about the credit default swaps.

    Regulators also have an important role to play in protecting their customers. They may require the issuer to provide information that helps regulators to understand the nature and size of its financial position.

    The regulators can also require such information to be provided by the issuer to its shareholders, including information about its overall liquidity and financial condition. The regulators also can require issuers to provide them with reports describing the type of risk it is exposed to. This information can help the regulators to assess whether the risks involved are appropriate for the size and type of institution and the type of risk it is exposed to.

    Bank of America Home Loans

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    Bank of America is one of the largest lenders in the United States. It is located in downtown Atlanta, Georgia and is one of the largest banks in the South. It was named after the bank of England in 1866. It is currently one of the top four banks in the country.

    Bank of America has several home mortgage loans available. It offers home equity loans, high-risk and prime adjustable rate mortgages, FHA loans, and a low and fixed mortgage plan called the Affordable Home Loan Solution. The home equity loans offer home owners an opportunity to make significant improvements on their homes by leveraging their home's value. Home equity loans are also known as line of credit home loans. If the homeowner makes mortgage payments on the home, he or she will receive a percentage of the total loan amount.

    Bank of America is very popular with its high-quality home loans. It has very competitive interest rates and is very easy to get approved for. There is no credit check and no collateral is required to apply. The only things needed to get an approval for a home loan from Bank of America is a good payment history, low payment, and a stable income.

    There are many benefits and disadvantages to getting a home loan from Bank of America. One benefit of having a home loan from Bank of America is that there is a lower risk for the home owners. With a home loan, they can have the ability to refinance their existing mortgage if they ever decide to sell their home. Many people opt to refinance their home mortgage through a home refinancing service. Home refinancing companies help you work with the loan officer at Bank of America, and they also provide loan modification services.

    Home buyers can see some negative impacts to getting a loan from Bank of America. This company tends to raise rates more than other banks do, and some home owners will not get the best rates because of this. Another downside to getting a home loan from Bank of America is that it can take months for you to be approved. Approved, depending on how much money you have available in your bank account. And your credit score. If you are going through foreclosure, the amount of time it takes to get approved for a loan can be extremely long.

    Bank of America is known for giving good rates on a variety of home loans. For those who have bad credit, this is one of the best places to go to find a home mortgage loan. The bank of America has helped millions of home owners get a loan approved. Even if you have bad credit, you should still consider trying to get a loan with this bank because of its good reputation for providing high-quality home loans. There is no doubt that if you find a good rate at Bank of America, your credit rating will improve, and your financial situation will improve.

    Advantage.

    See also: Invest in the most successful traders. More details.

    1. Access to quick and easy loans.
    2. They have a strong capital base

    Disadvantages.

    1. Loan approval process could long.
    2. Customer care needs some improvement

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Quote Originally Posted by Honest     
    What is Bank of America? - The Key to Understanding It

    How much exposure is Bank of America having to residential mortgage loans? How does Bank of America reporting these loans to the credit bureaus?

    How many billions of dollars is Bank of America reserving for potential loan losses on its mortgage portfolios? Is it feasible that there are billions more of "embedded" loan losses waiting to surface in future years as these mortgage-backed securities mature? As those losses mount up, will Bank of America be forced to file for bankruptcy?

    See also: Earn with no risks involved and no deposit required right now!


    Is Bank of America using a variety of strategies to protect its assets from potential adverse credit events? These strategies include but are not limited to: credit-default swaps, credit-default protection and credit-mirror securities. In this article I'll describe and explain a few of these strategies.

    Credit Default Swaps (CDS) - CDS are "credit derivative securities" that are similar to stocks and bonds. They are also similar to insurance or other forms of financial contracts. In essence, a credit default swap provides a temporary bridge loan that will be used to offset any potential credit losses due to nonpayment or default of debt. The temporary bridge loan is typically a short-term loan with interest rates based upon the "whiff" rate of the underlying asset.

    An example of a credit default swap may be a bank issuing an IOU to a property owner or borrower. The IOU provides a short term bridge loan at a fixed rate with a fixed term. The borrower agrees to repay the loan by delivering the property at the agreed upon date and the lender pays the borrower's principal and interest by transferring the debt to another bank account. The borrower and lender share the risk of incurring the losses that result from the repayment of the loan. The downside of a credit default swap is that if the borrower defaults, then the lender has no collateral or equity in the loan to offer to redeem the debt.

    In addition, credit default swaps often involve a margin loan to the borrower as a form of "credit insurance." In order to secure the short-term commitment of the borrower to repay the loan, the lender typically requires a credit-default swap security (usually collateral).

    Credit-Dependency Protection Trusts (CDOs) - A credit-Dependent protection trust is an unsecured, unregistered, guaranteed contract between an insurance carrier and an insurance coveree. This contract enables the insurer to collect premiums on the trust and pay premiums to an insurance-coverage agency on behalf of the insurance holder in return for the insurance company's payment on a claim for credit default swaps. The premiums paid by the insurer to go to an insurance company, which pays the premium on behalf of the claimant. In essence, an insurance cover protects an insurer against risks related to credit-default swaps.

    These three categories of credit derivatives are just some of the various forms of "credit-related" products that are available to financial institutions. Many other types of credit derivatives are available such as credit-default swaps, credit-based swaps and swap-based credit derivatives.

    Since credit derivatives provide financial institutions with exposure to risk, they should be viewed as a low-risk form of insurance. However, the use of these products should be carefully regulated because they provide institutions with increased potential exposure to risks that they would not be covered for under traditional insurance.

    Because of their potential risks, credit derivatives must be well monitored by regulatory agencies. These agencies may regulate the premiums and commissions charged by the issuers of the products. They may also limit the amount and timing in which these premiums can be paid. They may also require issuers to disclose information about the credit default swaps.

    Regulators also have an important role to play in protecting their customers. They may require the issuer to provide information that helps regulators to understand the nature and size of its financial position.

    The regulators can also require such information to be provided by the issuer to its shareholders, including information about its overall liquidity and financial condition. The regulators also can require issuers to provide them with reports describing the type of risk it is exposed to. This information can help the regulators to assess whether the risks involved are appropriate for the size and type of institution and the type of risk it is exposed to.

    See also: Explore the infinite possibilities of online trading with a reliable broker. Join now!


    Bank of America Home Loans

    Bank of America is one of the largest lenders in the United States. It is located in downtown Atlanta, Georgia and is one of the largest banks in the South. It was named after the bank of England in 1866. It is currently one of the top four banks in the country.

    Bank of America has several home mortgage loans available. It offers home equity loans, high-risk and prime adjustable rate mortgages, FHA loans, and a low and fixed mortgage plan called the Affordable Home Loan Solution. The home equity loans offer home owners an opportunity to make significant improvements on their homes by leveraging their home's value. Home equity loans are also known as line of credit home loans. If the homeowner makes mortgage payments on the home, he or she will receive a percentage of the total loan amount.

    Bank of America is very popular with its high-quality home loans. It has very competitive interest rates and is very easy to get approved for. There is no credit check and no collateral is required to apply. The only things needed to get an approval for a home loan from Bank of America is a good payment history, low payment, and a stable income.

    There are many benefits and disadvantages to getting a home loan from Bank of America. One benefit of having a home loan from Bank of America is that there is a lower risk for the home owners. With a home loan, they can have the ability to refinance their existing mortgage if they ever decide to sell their home. Many people opt to refinance their home mortgage through a home refinancing service. Home refinancing companies help you work with the loan officer at Bank of America, and they also provide loan modification services.

    Home buyers can see some negative impacts to getting a loan from Bank of America. This company tends to raise rates more than other banks do, and some home owners will not get the best rates because of this. Another downside to getting a home loan from Bank of America is that it can take months for you to be approved. Approved, depending on how much money you have available in your bank account. And your credit score. If you are going through foreclosure, the amount of time it takes to get approved for a loan can be extremely long.

    Bank of America is known for giving good rates on a variety of home loans. For those who have bad credit, this is one of the best places to go to find a home mortgage loan. The bank of America has helped millions of home owners get a loan approved. Even if you have bad credit, you should still consider trying to get a loan with this bank because of its good reputation for providing high-quality home loans. There is no doubt that if you find a good rate at Bank of America, your credit rating will improve, and your financial situation will improve.

    Advantage.

    1. Access to quick and easy loans.
    2. They have a strong capital base

    See also: Invest in the most successful traders. More details.

    Disadvantages.

    1. Loan approval process could long.
    2. Customer care needs some improvement
    Bank of America
    Bank of America is one of the worlds leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 2,900 lending centers, 2,500 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,300 business centers; approximately 17,000 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 31 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
    Please is my recent trading journal.

    https://forum.mt5.com/showthread.php...rading-journal


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