As you asking I am telling GMAC Inc. (General Motors Acceptance Corporation), is an American bank holding company headquartered in Detroit, Michigan, United States.

Basic profile :

Type Public company

Traded as NYSE: ALLY

Industry Financial services

Founded 1919 (as GMAC Inc.)

Headquarters Detroit, Michigan, United States

Key people Franklin Hobbs, Chairman

Jeffrey J. Brown, CEO

William Muir, President

Services Auto financing

Online banking

Vehicle service contracts

Revenue US$4.920 billion (2015)

Operating income US$1.452 billion (2015)

Profit US$1.289 billion (2015)

Total assets US$158.581 billion (2015)

Total equity US$13.439 billion (2015)

Owner Cerberus Capital Management (8.22%)

Perry Capital (4.00%)

The Vanguard Group (3.50%)

Number of employees 7,100 (2015)

Bank of America is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. Bank of America is the second largest bank holding company in the United States by assets:

Bank profile :

Type Public
Traded as NYSE: BAC
S&P 500 Component
Industry Banking, Financial services
Predecessor Bank America
NationsBank
Founded October 17, 1904; 111 years ago (as Bank of Italy)
February 1930; 86 years ago (as Bank of America)
1998; 18 years ago (current)
Founder Amadeo Giannini
Headquarters Charlotte, North Carolina, United States
Area served Worldwide
Key people Brian T. Moynihan
Chairman & CEO
Products Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards,
Revenue US$82.50 billion (2015)
Operating income US$21.89 billion (2015)
Net income US$15.89 billion (2015)
Total assets US$2.185 trillion (2016)
Total equity US$256.2 billion (2015)
Number of employees 210,516 (2016)