Company Information

Get to know Fleet Financial Corporation

Formed by the 1999 merger of Fleet Financial Group and BankBoston, FleetBoston Financial Corporation was one of the largest financial institutions in the United States, with a strong presence in the Northeast. The company provided a comprehensive range of financial services, including commercial and retail banking, credit cards, mortgages, and investment management and advisory services through its subsidiaries like Quick & Reilly and Columbia Management Group. Its history dates back to the Providence Bank, founded in 1791. In 2004, the company was acquired by Bank of America for $47 billion, creating the second-largest banking franchise in the US at the time.

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Fleet Financial Corporation

Canada

Founded in

2007 (19 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.