Bofa Managing Director Says Replacing Low-Returning Assets With Higher-Returning Assets…
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Bank of America Corporation is a banking group organized around 5 areas of activity: – commercial banking (58.6% of Net Banking Income); – business and investment banking (25.5%); – wealth management and asset management (12.4%); – market bank (2.9%); – others (0.6%). At the end of 2023, the group manages 1,923.8 billion USD in outstanding deposits and 1,053.7 billion USD in outstanding loans.
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