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International Business

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International Business

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Identify the countries where Bank of America does most of its international business Bank of America Corporation operates global into five sectors that is categorized as Follows;
1) North America: Canada
2) Asia Pacific: Taiwan, Thailand, China, Hong Kong, India, Indonesia, Japan, Republic
of Korea, and Malaysia.

3) Latin America: Argentina, Cayman Island, Brazil, Chile, Colombia, Mexico, Panama, Uruguay, and Costa Rica.

4) Europe, Middle East, Africa: Bahrain, Belgium, France, Germany, Greece, Ireland, Israel, Italy, Lebanon, Luxembourg, Monaco, Poland, Portugal, Russia, Saudi Arabia, Spain, Switzerland, The Netherlands, Turkey, United Arab Emirates, United Kingdom, and Isle of Man.

Summarize any statements made by the bank in its annual report about its international business. Overseas as well as in the United States, Bank of America provides a diverse range of banking and non-banking financial services and products that are categorized into six business segments: Deposits, Card Services, Consumer & Real Estate Services (CRES), Global Commercial Banking, Global Banking & Markets (GBAM) and Global Wealth and Investment Management (GWIM). All other operations are recorded in a category called “All Other”. As stated in the annual report, the economic and business banking environment in 2011 is continually influenced by economic conditions in the US and international markets. In Europe, huge public debt, especially in the fourth quarter of 2011, slowed down growth in the financial market. The European Central Bank provided programs that provided low cost, three year loans to European banks so as to alleviate bank pressure and provide liquidity. In Asia, Japan’s...