BofA Securities
It has been suggested that this article be merged with Bank of America. (Discuss) Proposed since January 2024. |
Parent Bank of America | | |
Website | www |
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BofA Securities, Inc.,
It provides services in mergers and acquisitions,
History
Bank of America completed the acquisition of Merrill Lynch & Co on January 1, 2009.[2] Bank of America began rebranding all of its corporate and investment banking activities under the Bank of America Merrill Lynch name in September 2009.[3]
In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division.[4]
In October 2013, Bank of America Merrill Lynch was recognized as the Most Innovative Investment Bank of the Year[5] in The Banker's Investment Banking Awards.[6]
In February 2019, Bank of America announced a rebrand of its investment banking division to "BofA Securities".[7]
Operations
Bank of America Merrill Lynch is organized within four geographic divisions:
- Asia Pacific - Headquartered at Cheung Kong Center in Hong Kong
- Europe, Middle East & Africa - Headquartered at Bank of America Merrill Lynch Financial Centre in London
- Latin America and U.S. & Canada - Headquartered at Bank of America Tower, New York (also the global head office)[8] The institution also maintains a large presence at the Bank of America Tower in Jacksonville[9]
Bank of America Merrill Lynch achieved the second-highest revenues of any investment bank worldwide in 2010, with a global market share of 6.8 per cent.[10] In that year it achieved the highest revenues of any investment bank worldwide in both leveraged loans and asset-backed securities.[10]
In 2011, Bank of America Merrill Lynch again achieved the second-highest revenues of any investment bank worldwide (after J.P. Morgan & Co.), with a global market share of 7.4 per cent.[11]
References
- ISSN 0099-9660. Retrieved February 25, 2019.
- ^ "Bank of America completes Merrill Lynch purchase". Reuters. January 1, 2009. Retrieved January 21, 2011.
- ^ "Bank of America Rebrands Offices in New York, London Towers". Bloomberg. September 3, 2009. Retrieved May 29, 2012.
- ^ "BofA combines investment bank divisions". Reuters. April 19, 2011. Retrieved May 11, 2012.
- ^ "BofA Merrill Receives The Banker Magazine's Top Global Award". Bank of America Merrill Lynch. October 7, 2013. Archived from the original on October 29, 2013. Retrieved October 28, 2013.
- ^ "The Banker's Investment Banking Awards, 2013 – the winners". The Banker. October 3, 2013. Retrieved October 28, 2013.
- ^ Moyer, Robert Frank, Liz (February 25, 2019). "Bank of America to drop Merrill Lynch name and rebrand wealth unit as just 'Merrill'". www.cnbc.com. Retrieved February 25, 2019.
{{cite web}}
: CS1 maint: multiple names: authors list (link) - ^ "Corporate and Institutional". Bank of America. Archived from the original on January 29, 2011. Retrieved January 21, 2011.
- ^ Basch, Mark (December 28, 2017). "Florida's Banking Center". floridatrends.com. Florida Trends. Retrieved May 20, 2018.
- ^ a b "Bank of America Reports Fourth-Quarter Loss". Here Is The City News. January 21, 2011. Archived from the original on January 23, 2011. Retrieved January 21, 2011.
- ^ "JPMorgan Chase Tops Dealogic's 2011 Investment Banks Ranking". Here Is The City News. December 20, 2011. Retrieved May 11, 2012.
External links
- Official site
- Decommissioned official site with redirect links Archived September 21, 2020, at the Wayback Machine