Bank of America is an American financial services and banking corporation. Bank of America provides a broad spectrum of services, including retail and private banking, asset management, corporate banking, investment banking and insurance. Bank of America, National Association operates as a subsidiary of Bank of America Corporation (United States).
Bank of America, National Association has Category B banking license number 570205 issued by the Cayman Islands Monetary Authority. This type of license allows Bank of America, National Association to conduct banking and trustee operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Bank of America, National Association failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Bank of America, National Association failure its depositors will not be paid out any compensation.
Bank of America, National Association operates under the brand name Bank of America. This banking brand has presence in the following European countries and selected dependent territories of the European countries:
The following banks operating under Bank of America brand name has been recently closed down: