Bank of America dissolves Merrill Lynch unit

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Bank of America will drop Merrill Lynch from its investment-bank brand, while keeping the name Merrill for its wealth management unit. The Charlotte, N.C.-based lender will refer to its investment bank as BofA Securities and drop the U.S. Trust name from its private bank, the company said Monday in a statement.

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"Bank of America Merrill Lynch" is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC.

Bank of America Doubles Down on Commission Ban at Brokerage Units. Bank of America, Merrill Lynch |. advised accounts and assets reside at the unit, and a Merrill Global Wealth Management.

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Bank of America Corp is dropping the "Merrill Lynch" name from some. The individual units, Merrill Lynch Wealth Management, Merrill Edge.

Experienced merrill lynch advisors are on track to each add at least five new relationships this year. More than half (62%) of advisors have also referred a client to Bank of America’s banking unit in.

March 10 (Reuters) – Bank of America Corp’s Merrill Lynch unit has hired financial adviser Ronald Slevin and his wealth management team from Royal Bank of Canada for its New York office. Slevin and.

Merrill, legally Merrill Lynch, Pierce, Fenner & Smith Incorporated and previously branded as Merrill Lynch, is an American investing and wealth management division of Bank of America.Along with BofA Securities, the investment banking arm, both firms engage in prime brokerage and broker-dealer activities.

New homes sales tumble 11.4% in March Tuesday, the U.S. Commerce Department said that new home sales fell 11.4% in April, to a seasonally adjusted annualized rate of 569,000 homes, down from March’s revised rate of 642,000 units. According to consensus forecasts, economists were expecting to see a modest drop to 611,000 units.

HOPEWELL TOWNSHIP – A sprawling, 450-acre Merrill Lynch. The bank will lease and continue to utilize the campus space following the sale, Crawford said. The campus currently houses employees of.

According to Bloomberg, Bank of America (BAC) is dissolving Merrill Lynch & Co. and keeping only the brand name just four years after acquiring it. Bank of America, the second-biggest U.S. lender.

Bank of America Merrill Lynch is the leading provider of treasury management, liquidity management, global trade solutions and reporting services through the Global Product Solutions unit. Our clients include small businesses, middle-market and large corporations, financial institutions and governments.