#1
September 19th, 2017, 04:14 PM
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Bank of America Cloud
Hi buddy I heard Bank of America has selected Oracle’s cloud-based ERP and financial applications for both its international general ledger and its broker-dealer system, is this true , plz tell me about it ??
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#2
September 20th, 2017, 09:30 AM
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Re: Bank of America Cloud
Bank of America Corporation is a multinational banking and financial services corporation headquartered in Charlotte, North Carolina. As you asking I am telling yes in june 2017 Oracle announced that Bank of America has selected Oracle’s cloud-based ERP and financial applications for both its international general ledger and its broker-dealer systems. Oracle is the world leader in Cloud ERP systems. The company now has more than five thousand Fusion Financial cloud applications customers installed worldwide. Bank profile : Type Public company Traded as NYSE: BAC S&P 100 Component S&P 500 Component ISIN US0605051046 Industry Banking, Financial services Predecessor Bank America NationsBank Founded October 17, 1904; 112 years ago (as Bank of Italy) February 1930; 87 years ago (as Bank of America) October 2000; 16 years ago (current) Founder Amadeo Giannini Headquarters Charlotte, North Carolina Number of locations 4,600 retail financial centers & approximately 15,900 automated teller machines Area served Worldwide Key people Brian Moynihan (Chairman and CEO) Products Consumer banking, corporate banking, insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards, Revenue US$89.701 billion (2016) Net income US$17.906 billion (2016) AUM US$886.148 billion (2016) Total assets US$2.187 trillion (2016) Total equity US$266.84 billion (2016) Number of employees 208,000 (2016) Divisions Bank of America Home Loans, Bank of America Merrill Lynch Subsidiaries Merrill Lynch Merrill Edge U.S. Trust Capital ratio 10.8% (2016) Rating Long Term Senior Moody's: Baa1 (10/2016) S&P: BBB+ (10/2016) Fitch: A (10/2016) |
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