Bank of America

Bank of America, founded in 1904 and headquartered in Charlotte, North Carolina, is the second-largest US bank by assets, serving around 69 million consumer and small-business clients through more than 3,800 retail financial centres under chief executive Brian Moynihan.

Its investment banking Arm, BofA Securities, is a primary dealer in US government securities and a major participant in global capital markets, giving the bank the scale and cross-border reach that put it, alongside its Wall Street peers, on regulators' list of institutions whose AI exposure carries systemic weight.

Bank of America's own research desk is also the actual source of the widely circulated $41 billion global economic-impact estimate for the 2026 World Cup, an estimate commonly, and wrongly, attributed to FIFA itself. Its analysts put the US portion at roughly $17 billion in economic activity and around 185,000 jobs. FIFA separately commissioned and published its own Socioeconomic Impact Analysis, but the $41 billion figure is not confirmed to appear in that document; UBS's wealth management division published an independently arrived-at estimate in the same range. Competing totals of $47bn (a FIFA-WTO study spanning both the 2025 Club World Cup and the 2026 tournament), $62bn and $80.1bn in gross output also circulate depending on scope. Moynihan himself has separately put the US impact closer to $20 billion in public comments, below his own bank's published headline figure.