Name: 美國銀行如何從崩潰邊緣起死回生（How BofA Came Back From The Brink Of Collapse）
Uploaded: 2022-12-30T07:08:56.000Z
Duration: 11 min 38 s
Description: 【看影片學英語】數萬部 YouTube 影片，搭配英漢字典即點即查，輕鬆掌握單字發音與用法，長久累積看電影不必再看字幕。

With assets totaling over $3 trillion, Bank of

America is the second largest bank in the U.S.

astonishing gains of over 290% in the last

They've got something like two trillion in

loans. They have one of the world's largest

wealth management firms, and they're a commercial

bank of pretty good scale. And all of that's

under one roof under the Bank of America roof.

But Bank of America's rise to success has been

The 2008 financial crisis pushed the bank to

required a $45 billion bailout from the U.S.

Bank of America was one reason why much of the

investing public and consumers and government

If the government did not intervene for Bank of

America and the other banks, Bank of America

Fast forward to today, Bank of America is

The bank reported a net income of $31.9 billion

in 2021, compared to just $4 billion in 2008.

As the rates have gone up and if the recession is

shallow, then we're going to see widening

spreads and the ability of Bank of America to

And Bank of America being one of the largest

such an impressive comeback? And where is it

Bank of America's Story dates back to 1904, when

Amadeo Giannini founded the Bank of Italy, which

Bank of America's original business model,

when it was still Bank of Italy in 1904, was

this notion of finding underserved individuals,

The immigrant community in San Francisco at that

time was not welcome in the established banks, so

most of them kept their extra cash, if they had

any, in mattresses or mason jars in their

P. Giannini knew that this money wasn't earning

interest, and so he went to the people he knew

from his years working on the wharf and said, if

you will deposit your money with me, I will pay

you a small amount of interest every month.

Bank of America was the first bank to establish a

statewide branching system which allowed it

to rapidly expand across the state of California.

There is a very ambitious young banker named Hugh

basically tried to create his own version of

what Bank of America had on the West Coast, which

is essentially gobbling up competitor banks in

So in 1998, Hugh McColl leads the acquisition of

the roll up of the Southeast acquiring Bank

Today, Bank of America has grown to become a

It is the seventh largest bank in the world

based on total assets and the second largest in

the United States, serving approximately 68

million consumers and small business clients.

They've got the consumer bank, they've got the

Wall Street division, they've got an asset

management division, and they've got a commercial

But you could really kind of divide what they

Retail banking still remains Bank of America's

main focus and source of revenue, contributing to

Bank of America held more than $1 trillion in

average deposits from retail consumers during

Bank of America is a powerhouse in retail

banking. They increased their deposits equal to

the size of the sixth largest bank over the

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美國銀行如何從崩潰邊緣起死回生（How BofA Came Back From The Brink Of Collapse）

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