fleet bank bought out by BoA.

[NutBucket]

Originally posted by: 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.

I have almost no balances (as in maybe $100) and I haven't had the card more then a year and a half. I have enough cards anyway.

 

[TechnoKid]

I bank at BofA, but I didn't know citigroup is that much bigger. I always see BofA ATMs around, hardly any citi ones. Maybe I'm not looking hard enough.

 

[RossMAN]

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.

This is AFTER.

I work for a corporate bank and can confirm CitiGroup is the #1 (in terms of assets) largest financial institution in the USA.

 

[tfinch2]

Originally posted by: TechnoKid
I bank at BofA, but I didn't know citigroup is that much bigger. I always see BofA ATMs around, hardly any citi ones. Maybe I'm not looking hard enough.

i never see any citi atms either.

 

[aphex]

Originally posted by: tfinch2

Originally posted by: TechnoKid
I bank at BofA, but I didn't know citigroup is that much bigger. I always see BofA ATMs around, hardly any citi ones. Maybe I'm not looking hard enough.

i never see any citi atms either.

Same here in FL....

Im seriously not kidding, there is a BoA on literally every corner around here. While, AFAIK there is only 1 or 2 Citi's.

EDIT: Just checked, 14 BoA's within 3 miles of me

 

[cchen]

Originally posted by: aphex

Originally posted by: tfinch2

Originally posted by: TechnoKid
I bank at BofA, but I didn't know citigroup is that much bigger. I always see BofA ATMs around, hardly any citi ones. Maybe I'm not looking hard enough.

i never see any citi atms either.

Same here in FL....

Im seriously not kidding, there is a BoA on literally every corner around here. While, AFAIK there is only 1 or 2 Citi's.

EDIT: Just checked, 14 BoA's within 3 miles of me

there's a citibank on about every other block in new york city.....

 

[Freejack2]

So will the Fleet center in Boston now be the BofA center?