Bank of America Announces Principal Closing of Sale of International Wealth
Management Business Outside the United States to Julius Baer
LONDON -- February 1, 2013
Bank of America Corporation 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 America
Bank 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 small business relationships with approximately 5,500
retail banking offices and approximately 16,300 ATMs and award-winning online
banking with 30 million active users. Bank of America is among the world's
leading wealth management companies and is a global leader in corporate and
investment banking and trading across a broad range of asset classes, serving
corporations, governments, institutions and individuals around the world. Bank
of America offers industry-leading support to approximately 3 million small
business owners through a suite of innovative, easy-to-use online products and
services. The company serves clients through operations in more than 40
countries. Bank of America Corporation stock (NYSE: BAC) is a component of the
Dow Jones Industrial Average and is listed on the New York Stock Exchange.
Visit the Bank of America newsroom for more Bank of America news.
Reporters May Contact:
John McIvor, Bank of America Merrill Lynch, +44.020.7995.8347
Sara Louise Boyes, Bank of America Merrill Lynch, +44.020.7996.3557
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