But it also raises money in the form of grants and loans from institutions like Fleet Bank and Deutsche Bank.
FORBES: Renaissance Man
Under new management, the Bank has shown itself to be much more fleet-footed than the tyro European Central Bank in Frankfurt.
ECONOMIST: The economy
In New York, the bank is preparing a fleet of commercial trucks and mobile-home trailers that can double as roving automated teller machines or bank branches on wheels.
WSJ: Wall Street Braces for a
Their leverage was simple: What would the building (then called the Fleet Center, after a local bank) be without the Celtics?
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Several hundred copies each have been ordered by Bank of America's Fleet Unit, Citigroup--even the New York Knicks.
FORBES
The reason is that capacity has increased, explains Michael Lewis of Deutsche Bank: the worldwide bulk fleet is expected to grow by 16% this year.
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He financed the fleet with savings and a loan from TCF Bank.
FORBES: Magazine Article
Unlike the typical bank merger, BofA gained depositors in Fleet's turf right after the deal.
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