
Organization
Bank of America received a Medium Risk rating because it mixes a stated commitment to merit and integrity with periodic support for politically charged initiatives and advocacy funding that raise governance concerns. While its direct political actions are rated low risk, higher scores in advocacy bias and funding pulled its overall rating into the medium range.
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The Bank of America Corporation is an American multinational bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was formed by the merger of NationsBank and Bank of America in 1998. It is the second-largest banking institution in the United States and the second-largest bank in the world by market capitalization, both after JPMorgan Chase.