Bank of America dissolves Merrill Lynch unit

Bank of America (NYSE:BAC) will dissolve its subsidiary merrill lynch & Co. as early as the fourth quarter, according to a filing from August 2. Bank of America will assume all of Merrill Lynch.

Terry Laughlin | Vice Chairman, Head of Global Wealth and Investment Management. Terry Laughlin is vice chairman of Bank of America Corporation, and a member of the company’s executive management team. His responsibilities include oversight of the company’s Global Wealth and Investment Management division, which includes Merrill Lynch Wealth Management, U.S. Trust, and Retirement and Personal Wealth Sol. More.

Securities products are offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S"), a broker/dealer subsidiary of Bank of America Corporation and a member FINRA & SIPC. Non-securities products (including deposit products) and services are offered by Bank of America, N.A., a national banking subsidiary of Bank of America Corporation.

LONDON (Reuters) – Bank of America-Merrill Lynch shut its European power and gas sales and trading. Last month Morgan Stanley (MS.N) sold its main physical oil trading unit to Russian state-run oil.

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.

Southern Nevada home prices up 35% . home prices las vegas home prices grew fastest among major markets in February for the ninth straight month. But amid affordability concerns, the growth rate has slowed down. Southern Nevada.This MBA homebuilder chart shows exactly what a sawtoothed recovery looks like We continue to believe that 2018/2019 looks quite a bit like 2014/2015 when home sales ground to a halt following the taper-tantrum-led interest rate surge only to surge more than 15% the.

SEOUL (Reuters) – The Korea Exchange (KRX) said on Tuesday it has imposed a 175 million won ($148,655) fine on Bank of.

Jeremy Audas. Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.

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Merrill Lynch Wealth Management makes available products and services offered by MLPF&S and other subsidiaries of Bank of America Corporation. Merrill Edge is available through Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S) and consists of the Merrill Edge Advisory Center (investment guidance) and self-directed online investing.