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2004 Annual Report: Portrait of a Bank: Portrait of a Global Business and Investment Bank

Unlocking the power of the universal banking model

Portrait of a Global Business and Investment Bank

By understanding these varying needs, we can pair clients with the right team of bankers to deliver unparalleled service and financial solutions to meet their needs. We also can expand our teams, bringing in experts in additional product and service areas as client needs change. By bringing the right people to the table at the right time, we can quickly and easily use the full breadth of our investment banking capabilities, our client and industry knowledge, and our product expertise to provide clients with insightful solutions and seamless access to the financial services they need.

We will be enhancing our sales and trading capabilities to provide our large institutional investor clients—from hedge funds to insurance companies—with cutting-edge access to the products they need. And we continue to explore ways to expand the use of our expertise to structure and distribute what we originate across the company to an expanding investor client base.

We deliver our services through Global Business and Financial Services and Global Capital Markets and Investment Banking, and we are now breaking down these walls to deliver the bank’s entire platform to our clients. Global Business and Financial Services is an industry leader, providing clients with deposit, credit, payments, cash management and other traditional banking services. We are the number one provider of treasury services to companies of all sizes; the predominant U.S. middle-market bank, serving one in five midsize companies; and the leading bank-owned asset-based lender.

As a fully integrated corporate and investment bank, Global Capital Markets and Investment Banking provides large corporate clients with innovative capital-raising, trading and advisory services; foreign exchange; extensive derivatives; and other risk management products, as well as traditional bank services. We are an industry leader in loan syndications and the capital markets debt business, and we continue to gain momentum in equity capital markets and M&A advisory services. Our derivatives, risk management and foreign exchange capabilities regularly rank number one in independent client surveys.

Our unmatched capabilities and ease of doing business mean added value for our clients. Working together, we believe the possibilities are endless.

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In 2004, Bank of America moved into double-digit market share for U.S. high yield underwriting, and was named U.S. Leveraged Lease Loan House of the Year by International Financing Review.

Number one U.S. treasury services provider (top three globally), serving 90% of the U.S. Fortune 500.

Predominant U.S. middle-market bank, serving one in five midsize companies, and leading provider of financial services to the commercial real estate industry and home builders.