Bank of America dissolves Merrill Lynch unit

Bank of America Corp. is planning to drop Merrill Lynch from the branding of its investment bank, while it uses the name Merrill for its wealth management unit, according to a. The firm took steps.

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Bank of America Corp. is planning to drop Merrill Lynch from the branding of its investment bank, while it will use the name Merrill for its wealth management unit. The Charlotte, N.C.-based lender.

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U.S. Trust operates through Bank of America, N.A., and other subsidiaries of BofA Corp. Bank of America, N.A., Member FDIC. Merrill Lynch makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S") and other subsidiaries of Bank of America Corporation ("BofA Corp.")

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.

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.

BofA Securities, previously Bank of America Merrill Lynch (BAML), is an American multinational investment bank division under the auspices of Bank of America.It is not to be confused with Merrill, the wealth management division of Bank of America; both firms are broker-dealers and engage in prime brokerage.

You must be enrolled in Online Banking or Mobile Banking to participate in the BankAmeriDeals program and have either an eligible Bank of America debit or credit card or Merrill Lynch credit card. Earned cash back will be credited into an eligible consumer deposit or credit account in 30 days following redemption.

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 will drop Merrill Lynch from its investment-bank brand, while keeping the name Merrill for its wealth management unit. The Charlotte. The firm took steps to dissolve the Merrill.