Rank: 11 (Previous rank: 9)
Compare tool: Bank of America Corp. vs. Top 10
CEO: Kenneth D. Lewis
Address: 100 N. Tryon St.
Charlotte, NC 28255
Now that U.S. taxpayers own a nice chunk of it, Bank of America really is America's bank. Federal bailout notwithstanding, BofA is also the nation's biggest, with $1.8 trillion in assets.
The company's September decision to pick up ailing Merrill Lynch for $50 billion was celebrated as a masterstroke - until it became clear that Merrill's losses were a lot worse than anticipated. Now CEO Kenneth Lewis is trying to right the ship, keep top talent from defecting, and avoid even more government handouts. - Jennifer Reingold
Industry: Commercial Banks
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