Amadeo Giannini founded the Bank of Italy in California which was later renamed the Bank of America. The Bank of America is still under the original charter of the Bank of Italy today. America was named after the Amerigo Vespucci a Florentine explorer financed by the Medici banking family. The BOfA is the second largest bank in the United States with assets estimated at 2.2 trillion. Amadeo Giannini was the son of Italian-Genoese immigrants and was financed by Genoese businessmen. Genoa was a powerful banking center in Europe for centuries. Wealthy banking families from Genoa include the Doria, Grimaldi, Spinola, Cattaneo-Della Volta, and Pallavicini families. Prince Andrea Cattaneo della Volta works in banking and the oil industry. The Cattaneo della Volta family were Genoese debt collectors. The Pallavicini family are still bankers today with Prince Moroello Pallavicini and his brother Prince Sigieri Pallavicini and he has worked with Merrill Lynch, JP Morgan, Prudential Financial and Lehman Brothers. The Pallavicinis own a investment firm today called Global Wealth Management. Merrill Lynch is a division of Bank of America. The Bank of Italy or now Bank of America made loans to the wine industry in California as well as to Walt Disney. Roy E Disney was a Vatican Knight of St Gregory. Giannini was a member of the Board of Directors for Columbus Savings & Loan. The Doria family of Genoa financed Christopher Columbus. Amadeo Giannini also made loans to FIAT in Italy after WWII. John Elkann is Chairman for FIAT and married to Donna Lavinia Borromeo. Pierre Casiraghi is married to Beatrice Borromeo and his mother is Princess Caroline of Hanover and she is the daughter of Prince Rainier III of Monaco from the Genoese House of Grimaldi. The central bank of Italy is called the Bank of Italy. The Borromeo family were noble landowners, merchants, and bankers that did business in Venice and Florence. The first Director of the Italian Bank of Italy was Bonaldo Stringher who was from Venice. Luigi Einaudi was the third Director of the Bank of Italy and from Piedmont. The Borromeo family ruled right near Piedmont and still own islands in Lake Maggiore. Amadeo Giannini was really working for these north Italian bankers as a proxy to establish one of the largest banking institutions in the United States. The International Banking Act of 1978 was established right before the Bank of Italy or Bank of America went public on the Stock Exchange. Anne Finucane is the current vice-chairman of Bank of America. Brian Moynihan is the CEO of Bank of America and today they use this bank like a mafia to control other businesses through financial extortion.
Amadeo Peter Giannini has been called "America's banker." His Italian father traveled home from the California gold fields, then brought a Genoese bride back to San Jose in mid-1869, via the brand-new transcontinental railroad. His mother was also an adventurous soul, leaving her family and homeland with a man she'd known for only six weeks. Their son Amadeo, born in San Jose in May, 1870, would take his own risks in the world of banking.
As a young man, Giannini succeeded in the wholesale produce business, but grew bored. Angered by the era's typical banking practices -- making loans to and servicing only wealthy clients -- he founded the Bank of Italy in San Francisco in October 1904
After a disastrous earthquake and subsequent fires levelled much of the city in 1906, Giannini created new confidence. He set up a temporary bank immediately, collecting deposits, making loans, and proclaiming to all that San Francisco would rise from the ashes.
In 1928, Giannini put his banks into a giant holding company he called Transamerica Corporation, reflecting his new ambition. In 1930, he formed the Bank of America, which would eventually become the largest in the United States.
Giannini raised $150,000 from his stepfather and ten other friends, and opened the Bank of Italy.
Columbus Savings & Loan Association asked Giannini to join their board of directors.
In this book The Life of Christopher Columbus by Francesco Tarducci is states that Francesco Grimaldi and Francesco Doria financed the Genoese born Columbus' voyage to the New World
Stock Performance NYSE:BAC
Stock Symbol BAC Stock Exchange NYSE IPO Date Jan 13, 1978
The International Banking Act of 1978 was the first legislation enacted in the U.S. to bring domestic branches of foreign banks operating in the U.S. into the framework of Federal banking regulation. Until then, foreign banks operating in the U.S. had been subject to various state laws with no unity nationally in how they were treated. This had given foreign banks both certain advantages and certain disadvantages compared to US banks. For example, foreign banks had the advantage of being able to branch interstate, but suffered in trying to attract retail deposits because they could not offer FDIC insurance.
Merrill Lynch Wealth Management is an American wealth management division under the auspices of Bank of America. Along with Bank of America Merrill Lynch, the investment banking arm, both firms engage in prime brokerage and security dealings.
Sigieri Diaz della Vittoria Pallavicini
With 18 years experience in the financial markets with Merrill Lynch, JP Morgan, Prudential Financial and Lehman Brothers.
Brian Moynihan Chairman of the Board and Chief Executive Officer, Bank of America Corporation
Sharon L. Allen Former Chairman, Deloitte
Susan S. Bies Former Member, Federal Reserve Board
Jack O. Bovender, Jr. Lead Independent Director, Bank of America Corporation; Former Chairman and Chief Executive Officer, HCA
Frank P. Bramble, Sr. Former Executive Vice Chairman, MBNA Corporation
Pierre J. P. de Weck Former Chairman and Global Head of Private Wealth Management, Deutsche Bank
Arnold W. Donald President and Chief Executive Officer, Carnival
Linda P. Hudson Executive Officer, The Cardea Group, LLC; Former President and Chief Executive Officer, BAE
Monica C. Lozano Chief Executive Officer, College Futures Foundation; Former Chairman, US Hispanic Media Inc.
Thomas J. May Chairman, Viacom Inc.; Former Chairman, President, and Chief Executive Officer of Eversource Energy
Lionel L. Nowell, III Former Senior Vice President and Treasurer, PepsiCo, Inc.
Clayton S. Rose President, Bowdoin College
Michael D. White Former Chairman, President, and Chief Executive Officer of DIRECTV
Thomas D. Woods Chairman, Hydro One Limited; Former Vice Chairman and Senior Executive Vice President of CIBC
R. David Yost Former Chief Executive Officer, AmerisourceBergen
Maria T. Zuber Vice President for Research and E. A. Griswold Professor of Geophysics, MIT
Brian Moynihan the CEO of Bank of America is an associate of the Irish Mafia.
Anne Finucane is vice chair of Bank of America