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Issue 3

ISSUE 3: Finance

“Bank of America is well managed”, said Warren Buffet.

2013

Turover $85 billion

Second non-oil company after Wal-Mart

Capitalisation One of the largest in the world

General & Administrative $50 billion
Expenditure

Net Income £11 billion

Primary Competitors Citigroup

Goldman Sachs

JP Morgan Chase

Morgan Stanley

Wells Fargo