Bank of America 2008 Annual Report Download - page 3

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Bank of America 2008 1
2008 Lines of Business
Global Wealth &
Investment Management
Global Wealth & Investment Management
provides a wide offering of customized
banking and investment services for
individual and institutional clients.
Businesses
U.S. Trust, Bank of America Private
Wealth Management
Columbia Management
Premier Banking & Investments™
*Fully taxable-equivalent basis
†ALM=Asset and Liability Management
Global Consumer &
Small Business Banking
Global Consumer & Small Business Banking
has approximately 59 million consumer and
small business relationships. We serve
consumers through checking, savings,
credit and debit cards, home equity
lending, mortgages and insurance. We
serve mass-market small businesses with
capital, credit, deposit and payment services.
Businesses
Deposits & Student Lending
Card Services
Mortgage, Home Equity & Insurance Services
Revenue*
(in millions)
Global Corporate &
Investment Banking
Global Corporate & Investment Banking
provides comprehensive financial solutions
to clients ranging from companies with
$2.5 million in revenues to large multinational
corporations, governments, financial sponsors,
insti tutional investors and hedge funds.
Businesses
Business Lending
Capital Markets & Advisory Services
Treasury Services
Net Income
(in millions)
Net Income
(in millions)
Net Income
(in millions)
Card
Services
$28,433
Deposits
& Student
Lending
$20,649
Mortgage,
Home Equity
& Insurance
Services
$9,262
Card
Services
$521
Deposits
& Student
Lending
$6,210
Mortgage,
Home Equity
& Insurance
Services
$(2,497)
Business
Lending Capital
Markets &
Advisory
Services
$(4,948)
Treasury
Services ALM†/Other
Business
Lending
$7,823
Capital
Markets &
Advisory
Services
$(3,018)
Treasury
Services ALM†/Other
U.S. Trust,
Bank of
America
Private
Wealth
Management
Columbia
Management Premier
Banking &
Investments
ALM†/Other
Columbia
Management
Premier
Banking &
Investments
ALM†/Other
$7,784
$851 $1,722
$2,732
$480
U.S. Trust,
Bank of
America
Private
Wealth
Management
$2,650
$391
$3,201
$1,543
$(459)
$460 $584 $831
Revenue*
(in millions)
Revenue*
(in millions)