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The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan.
BofA Securities, Inc., [1] previously Bank of America Merrill Lynch (BAML), is an American multinational investment banking division under the auspices of Bank of America.It is not to be confused with Merrill, the stock brokerage and trading platform subsidiary of Bank of America.
The investment management division of an investment bank is generally divided into separate groups, often known as private wealth management and private client services. Merchant banking can be called "very personal banking"; merchant banks offer capital in exchange for share ownership rather than loans, and offer advice on management and strategy.
Merrill Lynch & Co., formally Merrill Lynch, Pierce, Fenner & Smith Incorporated, was a publicly-traded American investment bank that existed independently from 1914 until January 2009 before being acquired by Bank of America and rolled into BofA Securities.
Bank of America Corp Banks United States FleetBoston Financial Corp, Massachusetts Banks United States 49,260.63 2008-09-14 Bank of America Corp Banks United States Merrill Lynch & Co Inc Brokerage United States 48,766.15 1999-10-13 Sumitomo Bank Ltd Banks Japan Sakura Bank Ltd Banks Japan 45,494.36 2009-02-26 HM Treasury: National agency ...
The Inter-American Development Bank (IDB or IADB) is an international development finance institution headquartered in Washington, D.C., United States of America. It serves as one of the leading sources of development financing for independent countries of Latin America and the Caribbean . [ 1 ]
(Reuters) - Bank of America Corp on Tuesday pledged $1 billion to help communities across the country address economic and racial inequality, the first big bank to vow monetary support following ...
On August 9, 2007, French bank BNP Paribas announced that it was halting redemptions on three investment funds due to subprime problems, another "beginning point" of the crisis to some observers. [308] [309] Investment banks such as Bear Stearns had legal obligations to provide financial support to these entities, which created a cash drain.