Bank of China vs Bank of America

Topics: Management, Bank of America, Human resource management Pages: 11 (3584 words) Published: May 22, 2013

-Bank of China
In February 1912, approved by the Sun Yat-sen, the Bank of China was formally established. From 1912 to 1949, the Bank of China has exercised the central bank, international exchange bank and specialized foreign trade bank functions, adhere to the revitalization of the national financial sector to serve the public, responsibility, sound operation, forge ahead, the business has made considerable progress. After the founding of New China, Bank of China became the State foreign exchange and foreign trade bank, has made a significant contribution to the country's foreign trade and economic development and domestic economic construction. In 1994, the Chinese bank to a state-owned commercial banks. In 2003, the Bank of China began joint-stock reform. In August 2004, the Bank of China Limited was formally established. June 2006, in July, has success in the Hong Kong Stock Exchange and the Shanghai Stock Exchange listed first issued in the Mainland and Hong Kong listed Chinese commercial banks.

Bank of China, China International Bank, and the highest degree of diversification in the Chinese Mainland, Hong Kong, Macao, Taiwan and 32 countries to provide customers with a full range of financial services. Mainly engaged in commercial banking, including corporate banking, personal banking and financial markets business, investment banking and carried out by the wholly owned subsidiary of Bank of China International Holdings, a wholly-owned subsidiary of Bank of China Group Insurance Company Limited and its subsidiaries and associated companies carry on insurance business, by holding silver fund management Co., Ltd. engaged in the fund management business, through a wholly owned subsidiary of Bank of China Group Investment Limited engaged in direct investment and investment management business of BOC Aviation Private Limited to operate the aircraft leasing business. In terms of core capital, the Bank of China in 2009 in the British "Banker" magazine "the world's 1000 largest bank ranked 10th. In 2011, Bank of China was selected global systemically important banks, this is the only selected financial institutions in China and emerging market countries.

In one hundred years, the development of the course, the Bank of China has always been adhering to the spirit of excellence will be patriotic as the soul of the Office line of the integrity first as an established line of this, the reform and innovation as to force the road will be people-oriented as Hing line of the base establish a superior brand image, has been widely recognized and praised the industry and the customers. The face of the new historical opportunities, the Bank of China will actively promote the innovation and development, restructuring and development, cross-border development, towards achieving its aim of building a world-class large transnational business strategy of the Bank Group.

-Bank of America
Bank of America is an American multinational banking and financial services company, headquartered in Charlotte, North Carolina. This is the second-largest bank holding company's assets in the United States. Bank of America serves customers in more than 150 countries and regions, 5,600 branches and 16,200 ATMs, and 99% of the U.S. Fortune 500 companies and 83 % "Fortune global 500. The company is a part of a member of the Federal Deposit Insurance Corporation (FDIC) and the S & P 500 index and the Dow Jones Industrial Average index.

As of 2010, the total income of the Bank of America is the fifth largest company in the United States, as well as the non-oil company in the United States the third largest (after Wal-Mart and GE (General Electric)). In 2010, Forbes listed Bank of America as the world's third-largest company. 2008 bank to buy Merrill Lynch, Bank of America is the world's largest wealth management companies and investment banking market participants.

Bank of America ‘s history can be traced back to 1904, when...
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