Fleetboston Financial Corporation - FBF- Profile

FleetBoston Financial Corporation. The Group's principal activity is to provide diversified financial services. Its businesses include consumer and small business banking, commercial banking, commercial real estate lending, principal investing, securities brokerage, market making and clearing services and investment services. The Group operates through its principal banking subsidiary, Fleet National Bank and two other national banking subsidiaries. The principal domestic lines of business of the Group are Personal Financial Services, Regional Commercial Financial Services and Investment Management and National Commercial Financial Services. The other business lines include Capital Markets, composed of brokerage market making, execution and clearing, as well as principal investing and International Banking. The Group operates in Latin America, Brazil and Argentina. During the year 2004, the Group acquired Progress Financial Corporation. A bank holding company, which provides a variety of financial services throughout the United States and Latin America