Bank of America 2014 Annual Report Download - page 33

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Bank of America 2014 31
Business Segment Operations
Segment Description and Basis of Presentation
We report the results of our operations through five business segments: CBB, CRES, GWIM, Global Banking and Global Markets, with
the remaining operations recorded in All Other. The primary activities, products or businesses of the business segments and All Other
as of December 31, 2014 are shown below. For additional detailed information, see the business segment and All Other discussions
which follow.
Effective January 1, 2015, to align the segments with how we manage the businesses in 2015, the Corporation changed its basis
of segment presentation as follows: the Home Loans subsegment within CRES was moved to CBB, and Legacy Assets & Servicing
became a separate segment. Also, a portion of the Business Banking business, based on the size of the client relationship, was moved
from CBB to Global Banking. Prior periods will be restated to conform to the new segment alignment.