Countrywide Financial enabled Bank of America to extend its mortgage lending business and to tap into a large pool of new customers who might be interested in its credit card, consumer banking, and other financial products.

Importance of information

Explanation:

Information sharing is an important aspect of any information and excessive information can lead to misconduct in some areas. Furthermore, it is understandable that information leads to more market awareness and synergies between different aspects of a business. Bank mortgages are an important source of funding for American banks and information sharing has led banks to attract more customers who might be interested in credit card etc.