Рет қаралды 318,735
With assets totaling over $3 trillion, Bank of America is the second-largest bank in the U.S. behind J.P. Morgan Chase. Shares of the company have seen astonishing gains of over 290% in the last decade. But Bank of America’s rise to success has been anything but smooth sailing. The 2008 financial crisis pushed the bank to the brink of collapse. It was a loss so catastrophic that it required a $45 billion bailout from the U.S. treasury. So how was Bank of America able to stage such an impressive comeback and where is it headed next?
Produced by: Nathaniel Lee
Supervising Producer: Lindsey Jacobson
Graphics: Mallory Brangan, Christina Locopo
» Subscribe to CNBC: cnb.cx/Subscri...
» Subscribe to CNBC TV: cnb.cx/Subscri...
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Follow CNBC on LinkedIn: cnb.cx/LinkedI...
Follow CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Instagram: cnb.cx/Instagr...
#CNBC
How BofA Came Back From The Brink Of Collapse