fleet bank bought out by BoA.

[PlatinumGold]

are there any banks even close to the size of BoA now??

fleet was already one of the larger banks. i started off with an account at Summit which got bought out by Fleet and now this.

 

[BigJ]

I thought Fleet had been bought out by BoA awhile ago?

 

[TechnoKid]

dont you mean BofA? i've never seen it shortened to BoA.....

 

[PlatinumGold]

Originally posted by: TechnoKid
dont you mean BofA? i've never seen it shortened to BoA.....

BofA, BoA, you knew what i meant.

 

[Ameesh]

who bought who? its unclear from your OP

 

[minendo]

Originally posted by: Ameesh
who bought who? its unclear from your OP

Bank of America bought Fleet and it happened quite some time ago.

 

[amdforever2]

Bank of America/Fleet
Citicorp
and
Chase Manhattan/Bank One


are the largest three now

 

[PlatinumGold]

Originally posted by: minendo

Originally posted by: Ameesh
who bought who? its unclear from your OP

Bank of America bought Fleet and it happened quite some time ago.

it's been in the works for quite a while but i thought it had been completed recently. it's only been like 3 yrs since fleet bought out summit. so i doubt it happened before then.

 

[dc]

use BofA
BoA would confuse kpop/jpop fans. lol.

 

[VietDude]

lol..that's true but how many of you got confused when they started talking about banks instead of music.

 

[BeauJangles]

citigroup

they are so large that BofA pales in comparison.

 

[PlatinumGold]

Originally posted by: BlinderBomber
citigroup

they are so large that BofA pales in comparison.

even after the acquisition of FleetBoston?

i have a hard time believing that. citigroup might be bigger, but i'm not sure that pales in comparison will be accurate.

 

[Freejack2]

Geez, There goes my account again. I started out with Northeast Savings when I was a kid. They got into financial trouble and some bank with an American Indian like name bought them out. The paint had hardly dried on the signs when Fleet bought them out. Now Fleet is in financial trouble and got bought out. :roll:

 

[cchen]

Originally posted by: PlatinumGold

Originally posted by: BlinderBomber
citigroup

they are so large that BofA pales in comparison.

even after the acquisition of FleetBoston?

i have a hard time believing that. citigroup might be bigger, but i'm not sure that pales in comparison will be accurate.

Rank Bank 2003 Total Assets No. of Employees
1. Citigroup $1.36 trillion 260,000
2. JPMorgan Chase $ $771 billion 94,335
3. Bank of America # $736 billion 133,549

Citigroup pretty much dominates the market in terms of sheer volume

 

[PlatinumGold]

Originally posted by: cchen

Originally posted by: PlatinumGold

Originally posted by: BlinderBomber
citigroup

they are so large that BofA pales in comparison.

even after the acquisition of FleetBoston?

i have a hard time believing that. citigroup might be bigger, but i'm not sure that pales in comparison will be accurate.

Rank Bank 2003 Total Assets No. of Employees
1. Citigroup $1.36 trillion 260,000
2. JPMorgan Chase $ $771 billion 94,335
3. Bank of America # $736 billion 133,549

Citigroup pretty much dominates the market in terms of sheer volume

again, is that before or after the fleet acquisition.

i have a hard time believing that BofA and Fleet together end up 3rd.

 

[cchen]

Originally posted by: PlatinumGold

Originally posted by: cchen

Originally posted by: PlatinumGold

Originally posted by: BlinderBomber
citigroup

they are so large that BofA pales in comparison.

even after the acquisition of FleetBoston?

i have a hard time believing that. citigroup might be bigger, but i'm not sure that pales in comparison will be accurate.

Rank Bank 2003 Total Assets No. of Employees
1. Citigroup $1.36 trillion 260,000
2. JPMorgan Chase $ $771 billion 94,335
3. Bank of America # $736 billion 133,549

Citigroup pretty much dominates the market in terms of sheer volume

again, is that before or after the fleet acquisition.

i have a hard time believing that BofA and Fleet together end up 3rd.

Those rankings are the same before and post-merger. You neglect to mention the fact that JP Morgan Chase merged with BankOne a while ago. Nonetheless, citigroup is the biggest financial institution in the world no matter how u look at it: revenue, earnings, employees, assets.

BTW, I just confirmed this info with 4 of my friends who are investment bankers

In fact, Citigroup is amongst the largest companies in the world in terms of revenue and earnings

 

[Pandamonium]

The buyout was orchestrated almost a year ago; it's only now that the accounts and assets of the two banks are being reconciled though.

Edit: Fleet had the largest presence in the New England region though.

 

[JulesMaximus]

Friggin' huge!!!

 

[NutBucket]

Ugh. I'm canceling my Fleet CC right now. BofA can kiss my assets:|

 

[DaWhim]

citigroup is the biggest in the world. IIRC, it is BofA on the 2nd place in 2002, but still, citigroup was dominant.(I was working in salomon smith barney, which is a part of citigroup).

 

[0roo0roo]

http://boa-nation.com/

 

[Chu]

Originally posted by: PlatinumGold
are there any banks even close to the size of BoA now??

fleet was already one of the larger banks. i started off with an account at Summit which got bought out by Fleet and now this.

Anyone else go "huh, Fleet bought out by a jpop group" before realizing what BoA stood for?

 

[amdforever2]

Originally posted by: NutBucket
Ugh. I'm canceling my Fleet CC right now. BofA can kiss my assets:|

What a stupid thing to do.

If this is one of your older cards, it will hurt your average age of accounts, and your FICO score will drop.

Also, closing it will affect your balances to limits ratio negatively, and again your FICO score will drop.

 

[Chronoshock]

Haha yeah I was like wtf? BoA bought over a whole bank?? I didn't know she was that rich

 

[dc]

Originally posted by: Chu

Originally posted by: PlatinumGold
are there any banks even close to the size of BoA now??

fleet was already one of the larger banks. i started off with an account at Summit which got bought out by Fleet and now this.

Anyone else go "huh, Fleet bought out by a jpop group" before realizing what BoA stood for?

jpop group?
1 singer != group

/me goes to watch a performance of mariah carey and boyz ii men's one sweet day by BoA and some korean guy group.