Bank of America Deck
What does it mean that Bank of America is a 'universal bank,' and why does that matter for an IB candidate's answers?
Model answer
A universal bank combines consumer banking (deposits, cards, mortgages), commercial and corporate lending, wealth management, and a full investment bank under one roof — versus pure-play firms that…
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More from Bank of America Deck
- Where does Bank of America's name actually come from? Tell the founding story an interviewer wants to hear.
- The modern Bank of America was created in 1998. What happened, and why is the company headquartered in Charlotte rather than San Francisco or New York?
- What was NationsBank before 1998, and why is Charlotte a major banking city at all?
- Walk me through Bank of America's acquisition of Merrill Lynch — the settled facts an interviewer expects you to know.
- What is 'BofA Securities,' and how does it relate to the old 'Bank of America Merrill Lynch' name?
- What was Merrill Lynch known for historically, and what do the bull logo and 'Thundering Herd' refer to?
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