Bank of America Merrill Lynch
Encyclopedia
Bank of America Merrill Lynch is the corporate and investment banking
division of Bank of America
. It provides services in mergers and acquisitions, equity
and debt
capital markets, lending, trading, risk management, research
, and liquidity and payments management. It was formed through the combination of the investment banking activities of Bank of America
and Merrill Lynch
following the acquisition of the latter by the former in January 2009. Bank of America Merrill Lynch achieved the second highest revenues of any investment bank in 2010, with a global market share of 6.8 per cent. In 2010 it achieved the highest revenues of any investment bank worldwide in both leveraged loans and asset-backed securities.
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
division of Bank of America
Bank of America
Bank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina...
. It provides services in mergers and acquisitions, equity
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
and debt
Bond (finance)
In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest to use and/or to repay the principal at a later date, termed maturity...
capital markets, lending, trading, risk management, research
Market research
Market research is any organized effort to gather information about markets or customers. It is a very important component of business strategy...
, and liquidity and payments management. It was formed through the combination of the investment banking activities of Bank of America
Bank of America
Bank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina...
and Merrill Lynch
Merrill Lynch
Merrill Lynch is the wealth management division of Bank of America. With over 15,000 financial advisors and $2.2 trillion in client assets it is the world's largest brokerage. Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the New York...
following the acquisition of the latter by the former in January 2009. Bank of America Merrill Lynch achieved the second highest revenues of any investment bank in 2010, with a global market share of 6.8 per cent. In 2010 it achieved the highest revenues of any investment bank worldwide in both leveraged loans and asset-backed securities.