Bank of America Merrill Lynch

The firms paid $60 million to settle the claims without admitting to or denying the regulator's allegations. 

Merrill Wealth Management added a record 37,500 net new clients in 2023, up nearly 50% from 2022, and added $38 billion AUM from clients in 2023, nearly five times its AUM increase in 2022.

Several prominent Wall Street companies are considering moving some business to Florida, or are relocating outright.

The bank joins rivals in predicting a better than expected Q4; JPM exec says AI could help create products for savings.

American shoppers were quick off their marks early in the holiday-shopping season as retailers rang up the best sales increase since 2013, led by online purchases, according to a BofA Merrill Lynch Global Research report.

Flywire is working with Bank of America to streamline cross-border payments for the bank’s higher education and corporate clients, whose foreign transaction traffic is rising along with global commerce.

The move follows similar offers from other major brokerages in the last two weeks, as the wealth management industry races to woo clients with the lowest-priced products possible.

Anne Clarke Wolff, the head of global corporate banking and global leasing for Bank of America Merrill Lynch, wants to open banking’s doors to more Hispanic and African-American college students.

The research division Browning has built at Bank of America Merrill Lynch is consistently ranked among the best in the world.

The offering would mirror a similar move by Charles Schwab to offer clients a new pricing plan for its robo service.