#1
3rd January 2017, 03:38 PM
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QE3 Bank Of America
What do you mean by QE3 in Bank Of America reference , will you plz tell me about it , as my one of the friend asking me about it ??
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#2
3rd January 2017, 05:06 PM
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Re: QE3 Bank Of America
Bank of America is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. As you asking I am telling Quantitative easing (QE) is a monetary policy used by central banks to stimulate the economy. It is usually used when standard monetary policy has become ineffective.A third round of quantitative easing, "QE3", was announced on 13 September 2012: Bank profile : Type Public Traded as NYSE: BAC S&P 100 Component S&P 500 Component Industry Banking, Financial services Predecessor Bank America NationsBank Founded October 17, 1904; 112 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) Divisions Bank of America Home Loans, Bank of America Merrill Lynch Subsidiaries Merrill Lynch U.S. Trust Capital ratio 10.2% (2015) Rating Long Term Senior Moody's: Baa1 (10/2016) S&P: BBB+ (10/2016) Fitch: A (10/2016) |
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