Bank of America Corp (BAC) provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional shareholders, large corporations, and governments worldwide. It operates through five segments: Consumer Banking, Global Wealth & Investment Administration, Global Banking, Global Markets, and Legacy Assets & Servicing. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, in addition to credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans. This segment provides its products and services through about 4,700 financial centers, 16,000 ATMs, call centers, and online and mobile platforms. The Global Wealth & Investment Administration segment offers investment administration, brokerage, banking, and retirement products, in addition to wealth administration and customized solutions. The Global Banking segment provides lending products and services, counting commercial loans, leases, commitment facilities, trade finance, real estate lending, and asset-based lending; treasury solutions, such as treasury administration, foreign exchange, and short-term investing options; working capital administration solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, in addition to risk administration, foreign exchange, fixed-income, and mortgage-related products. The Legacy Assets & Servicing segment engages in mortgage servicing activities related to residential first mortgage and home equity loans; and managing legacy exposures related to mortgage origination, sales, and servicing. Bank of America Corporation was founded in 1874 and is based in Charlotte, North Carolina.
Itau Unibanco Holding SA (ADR) (ITUB) provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, and vehicle loans, in addition to credit cards. The company also provides investment banking, cash administration, consortium, custody and bookkeeping, asset administration, and private banking services, in addition to electronic payment means services. In addition, it offers property, casualty, and life insurance products; reinsurance products; pension plans; consumer finance credit; and capitalization, leasing, and brokerage services. As of December 31, 2016, Itaú Unibanco Holding S.A. operated a network of 5,103 branches and client service branches (CSBs), which included 3,653 branches in Brazil; 135 digital branches; 766 CSBs in Brazil; and 549 branches and CSBs in Latin America, in addition to operated 46,175 automated teller machines. The company was formerly known as Itaú Unibanco Banco Múltiplo S.A. and changed its name to Itaú Unibanco Holding S.A. in April 2009. Itaú Unibanco Holding S.A. was founded in 1944 and is headquartered in São Paulo, Brazil.