Bank of America dissolves Merrill Lynch unit

Bank of America announced Monday. The Charlotte, N.C.-based banking giant acquired Merrill Lynch, known for its “thundering herd” of brokers pitching stocks to Main Street, a decade ago in the depths.

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Bank of America Corp. will drop Merrill Lynch from its investment-bank brand, while keeping the name Merrill for wealth management. The investment bank is to be called BofA Securities and the U.S.

Insurance Products are offered through Merrill Lynch Life Agency Inc. (MLLA), Bank of America, N.A. and/or Bank of America Insurance Services, Inc., all of which are licensed insurance agencies and wholly-owned subsidiaries of Bank of America Corporation.

"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 will drop the Merrill Lynch name from its trading and investment banking outfits, according to reports. The banking giant, which bought the longstanding Wall Street firm during the.

"Bank of America Merrill Lynch" is the marketing name for the global banking and global markets business 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.

Sign in to your Online Banking account by entering your Online ID. Skip to main content. Sign In. Secure Area. En Espaol Sign In to Online Banking. We can’t process your request. Online ID Must be at least. Bank of America, N.A. Member FDIC.

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.

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.

The bank is doubling down on its regional strategy, announcing new teams and hires in a quest to dominate middle-market.

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