Bank of America 1998 Annual Report Download - page 22

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Our predecessor corporate and invest-
ment banking organizations could not
be a more perfect fit for our clients.
We do business with 80 percent of the
Fortune Global 500. Our global
network includes countries representing
more than 90 percent of the world’s
gross domestic product. We serve clients
in 190 countries. By many measures, we
are the preferred financial provider to a
majority of the corporate market.
Our client managers are selected for
their ability to identify and deliver
creative financial solutions to financial
opportunities. Each relationship has a
dedicated client team whose mandate is
to craft innovative ideas and solutions
to meet that client’s evolving needs.
Client managers are highly skilled,
experienced professionals who are
trained to understand each client’s
business and financial objectives in
order to provide the most appropriate
financial solution — from investment
banking to traditional commercial
lending products.
Our product breadth is another clear
competitive advantage. We are one of
the few U.S.-based banks that can offer
clients a complete range of financial
services from capital raising and capital
markets, treasury and trade finance, to
investment banking and financial
advisory services. Complementing this
1998 Bank of America Summary Annual Report
The combined capabilities of our
predecessor organizations enabled
Bank of America to arrange a
$350-million financing for
MacDermid, a New England chemi-
cal company, building a strong new
relationship with the company.
is a global reach that many corporations
require from their financial provider.
We not only offer these products and
services, we are a recognized market
leader in delivering many of them.
For example, as a result of the
merger we are now number one in loan
syndications based on dollar volume or
number of deals. We are one of the
world’s leading international treasury
services banks with a global banking
system that is euro-ready. Our real
estate finance business generates nearly
$1 billion in revenues a year. We are a
leader in commercial mortgage-backed
securities and residential construction
loans. We are one of the top-ranked
U.S. investment banks in equity
underwriting.
Our combined capital base helps us
be more flexible for our clients when
market conditions change, as they did
in mid-1998. With this enhanced capital
strength we can continue to stand
behind our clients, enabling them to
move forward with projects until
markets rebound. Few commercial or
investment banks can offer the global
expertise, capital resources and client-
focused commitment we deliver.