146. Bank of China Limited and its financial services.

Bank of China limited is one of the oldest and the biggest banks in the world that provides a large variety of financial and other services to the customers from all over the world. The Bank of China Limited is second largest commercial bank in China by assets, that provides financing and savings services for companies and individuals. It is the fisrt bank that has dual listing both in Hong Kong and S

Bank of China provides a large variety of services that can be divided into banking services and non-banking services.

As for banking services bank provides commercial banking including Corporate Financing (different types of loans, credit lines, supporting credits for exporters), Trade Services (issuance of Letters of Credit, Forfaiting and other), Corporate Financial Services (different cash management services), Corporate Savings (different types of deposits for companies, including Certificates of Corporate Deposit); personal banking including Personal Savings (large variety of deposits), Personal Loans (loans, including mortgages, loans for studying), personal wealth management (consultations on ivestment, wealth management plans, long/short forex), personal exchange services and other services.

The bank also provides internet-banking services both for individuals and corporate users and issues different types of credit/debit cards.

Despite being commercial bank BOC has the right to issue Hong Kong Dollars.

Bank provides not only banking services, but also such services as investment banking business via its subsidiaries. It maintains a leading position in the equity underwriting markets. It completed 17 IPOs, which ranking first in the Hong Kong IPO market in terms of both number of deal and market share.

BOC also provides via subsidiaries such services as general insurance, life insurance, management investment services and aircraft leasing service.

147. Bank of America and its financial services.

Let's look at the Bank of America Financial Services from two sides. The first one is about segments through which it operates and the other one is about client which it serves.

Bank of America operates through five segments:

1Consumer & Business Banking segment (offers a diversified range of credit, banking and investment products and services to consumers and businesses. Its products include traditional savings accounts, money market savings accounts, CDs, IRAs, noninterest- and interest-bearing checking accounts and investment accounts)

2Consumer Real Estate Services segment (include fixed- and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity loans)

3Global Banking segment (provides a range of lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services)

4Global Markets segment offers sales and trading services, which includes research to institutional clients across fixed income, credit, currency, commodity and equity businesses.

5Global Wealth & Investment Management provides wealth management solutions. Its services include investment and brokerage services, estate and financial planning, fiduciary portfolio management, cash and liability management and specialty asset management.

According to the second approach Bank of America serves People, Companies and Institutional investors.