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What is Bank of America Merrill Lynch?
Bank of America Merrill Lynch is operated as a division of Bank of America which is the leading financial services company. Bank of America Merrill Lynch provides a broad line of investment banking services for businesses and organizations in nearly 150 countries across the globe.
It was incorporated on 1 January 2009 and is headquartered in Bank of America Tower, New York City, United States. Bank of America Merrill Lynch has divided its business into four geographic segments: the Latin America, Asia Pacific, the Middle East & Africa and the United States & Canada. Moving toward its holding company, Bank of America which began its business in 1904 as Bank of Italy in San Francisco and it has become Bank of America Corporation in 1998. The company has grown to become the second biggest holding company in USA measured by total Assets.
Products and Services:
As of 2013, It had total assets of US$ 2.102 trillion. Bank of America provides a vast array of banking and financial services including consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management and credit cards. Bank of America is a world's leader in corporate and investment banking sector. It operates a large network of around 5,600 banking centers and 16,300 ATMs. In addition to USA, Bank of America serves over 40 other nations all over the world. The company provides its financial services to 57 million customers globally.