Market Overview

Bank of America Closes on of Sale of International Wealth Management Business Outside the United States to Julius Baer

Bank of America Corporation (NYSE: BAC) has announced that all pre-conditions
necessary to allow principal closing of the sale of its International
Wealth Management business based outside the United States have been
met. As a result, ownership of Merrill Lynch Bank (Suisse) has today
transferred to Julius Baer Group. Further transfers will occur in due
course.

Bank of AmericaBank of America is one of the world's largest
financial institutions, serving individual consumers, small- and
middle-market businesses and large corporations with a full range of
banking, investing, asset management and other financial and risk
management products and services. The company provides unmatched
convenience in the United States, serving approximately 53 million
consumer and

See full press release

Posted-In: News Guidance Contracts Asset Sales M&A Global

 

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