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With control of one in five credit cards and the maximum amount of bank deposits permitted by the Federal Reserve—there’s no question that the nation’s largest bank is also its most powerful one.
In fact, with 52 million customers, more than 5,700 bank branches, and more than 17,000 ATM machines across the country, Bank of America and its products reach nearly half of all U.S. households. Bank of America by the Numbers »
Although CEO Ken Lewis claims Bank of America is committed to “creating opportunities for people…to fulfill their dreams” a growing body of evidence shows the financial giant is using its size and its power to squeeze consumers, taxpayers, and working families.
In 2006, Bank of America raked in $21 billion in profits. Bank of America made more money from its U.S. operations than any other company—including ExxonMobil, the world's most profitable company.
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