Trivia Questions With Answers!

Bank of America Trivia Quiz Questions

Trivia quiz questions with answers about the Bank of America

The Bank of America Corporation is commonly referred to as what?
A: Bank of America.

What is the Bank of America Corporation?
A: It is an American multinational investment bank and financial services holding company.

Where is it headquartered?
A: In Charlotte, North Carolina.

Where was the bank founded?
A: San Francisco.

Who acquired it in 1998?
A: NationsBank of Charlotte.


It is the second-largest banking institution in what?
A: The United States, after JPMorgan Chase.

Where does it rank in size in the world?
A: The eighth-largest bank.

It serves approximately what percentage of all American bank deposits?
A: 10.73%, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo.

Its primary financial services revolve around what?
A: Commercial banking, wealth management, and investment banking.

One branch of its history stretches back to what?
A: The U.S.-based Bank of Italy, founded by Amadeo Pietro Giannini in 1904.


It provided various banking options to whom?
A: Italian immigrants who faced service discrimination.

After suffering a significant loss after the 1998 Russian bond default, BankAmerica, as it was then known, was acquired by the Charlotte-based NationsBank for how much?
A: US$62 billion.

It was then the largest bank acquisition in what?
A: History.

Through a series of mergers and acquisitions, it built upon its commercial banking business by establishing what?
A: Merrill Lynch for wealth management and Bank of America Merrill Lynch for investment banking in 2008 and 2009, respectively .

Its wealth management side manages how much in assets under management (AUM) as the second largest wealth manager in the world?
A: US$1.081 trillion.


In commercial banking where does Bank of America operate—but does not necessarily maintain retail branches?
A: In all 50 states of the United States, the District of Columbia and more than 40 other countries.

 Its commercial banking footprint encapsulates how many consumer and small business relationships?
A: 46 million.

The bank's large market share, business activities, and economic impact has led to numerous what?
A: Lawsuits and investigations regarding both mortgages and financial disclosures dating back to the 2008 financial crisis.

As of August 2018, Bank of America has a $313.5 billion market capitalization, making it what?
A: The 13th largest company in the world.

As the sixth largest American public company, it garnered how much in sales as of June 2018?
A: $102.98 billion.

Bank of America was ranked where on the 2020 Fortune 500 rankings of the largest US corporations by total revenue?
A: #25.

Likewise, Bank of America was also ranked #8 on what?
A: The 2020 Global 2000 rankings done by Forbes.

Bank of America was named the "World's Best Bank" by whom in 2018?
A: The Euromoney Institutional Investor in their 2018 Awards for Excellence.

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