The Bank of Italy of San Francisco founded a company that has existed for more than a hundred years serving many, this bank, and caters to immigrants, but eventually merged with Bank of America. This is one of the largest financial companies in the world, serving individual consumers and businesses all the time, offering a full range of banking, investment and risk management services. Bank of America serves customers in more than 40 countries. Bank of America is a company that focuses on creating real, meaningful connections with individuals, businesses and communities to help them connect with what matters most. Bank of America is a proud partner with more than 50 million customers. This company is in the business of providing people, businesses, and institutional investors with the financial products and services they need to achieve their goals at every stage of their financial lives. With a strong commitment to becoming the best financial services company in the world, they are committed to their communities and regions. Connecting with people is what matters most through lending and investing. Bank of America seeks to be a fair company by striving to create connections to improve communities. Bank of America likes to focus on efforts to address needs related to housing, hunger and jobs, they especially like to focus on helping low-income communities. Their employees volunteer approximately 1.5 million hours, donating their valuable time to help all communities, they have supported our military service members by helping veterans find jobs, housing and education. From helping communities, small businesses and people, the mission is clear there... middle of the paper... indirect impact on the cost of capital which includes refinancing, FDIC insurance fees paid by banks, profitability and business nourishment long term. The bank is facing a threat from defaults in residential loans and credit cards. Bank of America has a sizable mortgage and credit card business compared to its peers. More foreclosures, mortgage repayment costs, and regulatory costs are all threats ahead. Bank of America continues to face pressures from a lower-than-historic tangible capital ratio. The bank's main concern is whether it will be able to raise capital at levels fast enough to meet the regulator's upcoming requirements. Bank of America also faces the threat of competition from other banks, including BNP Paribas, Citigroup, China Construction Bank Corporation, National Australia Bank and Royal Bank of Scotland..