Bank Of America Investment Products

Date:

Purchasing Of 300 Internet Domains In Apparent Preemptive Pr Campaign

Strong stock market ‘is all about corporate profits’: Bank of America investment strategist

In October 2009, of WikiLeaks claimed that his organization possessed a 5 gigabyte hard drive formerly used by a Bank of America executive and that Wikileaks intended to publish its contents.

In November 2010, Forbes published an interview with Assange in which he stated his intent to publish information which would turn a major U.S. bank “inside out”. In response to this announcement, Bank of America stock dropped 3.2%.

In December 2010, Bank of America announced that it would no longer service requests to transfer funds to WikiLeaks, stating that “Bank of America joins in the actions previously announced by MasterCard, PayPal, Visa Europe, and others and will not process transactions of any type that we have reason to believe are intended for WikiLeaks… This decision is based upon our reasonable belief that WikiLeaks may be engaged in activities that are, among other things, inconsistent with our internal policies for processing payments.”

Later in December, it was announced that Bank of America purchased more than 300 Internet domain names in an attempt to preempt bad publicity that might be forthcoming in the anticipated WikiLeaks release. The domain names included as BrianMoynihanBlows.com, BrianMoynihanSucks.com and similar names for other top executives of the bank.

Sometime before August 2011, WikiLeaks claimed that 5 GB of Bank of America leaks was part of the deletion of over 3500 communications by Daniel Domscheit-Berg, a now ex-WikiLeaks volunteer.

Disclaimer For Latin America:

Bank of America and BofA Securities are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation , including, in the United States, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.

Investment products offered by Investment Banking Affiliates:Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed

Bank of America Corporation and its affiliates do not perform in any jurisdiction banking activities that are reserved by local law to licensed banks, except in those jurisdictions where its banking affiliates have procured the necessary licenses.

Bank of America México, S.A., Institución de Banca Múltiple is a banking affiliate in Mexico of Bank of America Corporation.

$0 Trades And Convenient Integration With Bank Of America

Our editors independently research and recommend the best products and services. You can learn more about our independent review process and partners in our advertiser disclosure. We may receive commissions on purchases made from our chosen links.

Merrill Edge is a financial platform owned by Bank of America. It offers access to online and advised investing, trading, brokerage, and banking services. Customers can be self-directed, work with advisors, or access portfolio management through Merrill Edge Guided Investing. In recent years, Bank of America has opened 600 new Merrill Edge investment centers and added 300 financial solutions advisors to its stable.

Since launching in 2010, Merrill Edge has offered a convenient way for investors to manage their banking and brokerage needs under one roof. Customers can take advantage of Bank of America’sPreferred Rewards program, which offers discounts like preferred pricing on Merrill Guided Investing accounts and discounts on ATM transactions, auto loan interest rates, and mortgage origination fees. The higher your average daily balance in your Bank of America and Merrill investment accounts, the better the perkswhich means there is an incentive for Bank of America customers to open a Merrill Edge account.

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NerdWallet rating NerdWallet’s ratings are determined by our editorial team. The scoring formula for online brokers and robo-advisors takes into account over 15 factors, including account fees and minimums, investment choices, customer support and mobile app capabilities./5 NerdWallet rating NerdWallet’s ratings are determined by our editorial team. The scoring formula for online brokers and robo-advisors takes into account over 15 factors, including account fees and minimums, investment choices, customer support and mobile app capabilities./5 NerdWallet rating NerdWallet’s ratings are determined by our editorial team. The scoring formula for online brokers and robo-advisors takes into account over 15 factors, including account fees and minimums, investment choices, customer support and mobile app capabilities./5 NerdWallet rating NerdWallet’s ratings are determined by our editorial team. The scoring formula for online brokers and robo-advisors takes into account over 15 factors, including account fees and minimums, investment choices, customer support and mobile app capabilities.

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Best In Germany: Deutsche Bank

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Based in Frankfurt, Deutsche Bank holds about 1.3 trillion euros in assets, making it one of the 10 biggest investment banks in Europe. Founded in 1870, Deutsche Bank is a full-service financial institution. It has a powerful and influential investment banking division.

Deutsche Bank is a major operator in the U.S. and around the world. It made a noteworthy contribution to the 2008 financial crisis through its work in the mortgage securities market, leading to a $7.2 billion fine in 2017. The bank has endured a series of controversies over the last few years, including doing business with sanctioned countries, money laundering, and the 2015 LIBOR scandal. It also became wrapped up in the Mueller investigation of former President Donald Trump, due to its strong lending relationship with Trumps businesses.

But much of its business has little to no controversy. Its Corporate & Investment Bank includes divisions working on M& A and advising securities sales and trading risk management and securities issues international commercial banking and trade and research and analysis.

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The 8 Best Investment Banks

When you think of a bank, you may think of a place that takes deposits, maintains checking and savings accounts, and more. Thats true, but theres another type of bank focused on stocks, bonds, and investment products. These financial firms may be a part of larger firms that also offer commercial banking services, but they occupy an important place in the financial system, which impacts the entire economy.

The best investment banks are large financial institutions that play an important role in facilitating money moving around the economy. Initial public offerings , for instance, are an opportunity for investors to help a company raise money. At the same time, they can also get a stake in the business.

Full-service investment banks offer a wide range of business and investment services. Many of them also own or affiliate with a consumer bank. Most regular consumers wont need investment banking services, but for growing businesses and high-net-worth individuals, this type of bank may offer unique financial products and services to meet their needs. Need some advice when it comes to finding one to use? Take a look at our picks below for the best investment banks.

Merrill Edge At A Glance

Account minimum

Advanced features mimic a desktop trading platform.

Research and data

Research, ratings and reports from over a dozen providers, including Bank of America, Morningstar and Moody’s, and news from 30 sources, including the Wall Street Journal, The New York Times and the Associated Press.

Customer support options

24/7 phone, chat, email, with in-person appointments available during Bank of America branch open hours.

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Youre Our First Priorityevery Time

NerdWallet, Inc. is an independent publisher and comparison service, not an investment advisor. Its articles, interactive tools and other content are provided to you for free, as self-help tools and for informational purposes only. They are not intended to provide investment advice. NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment issues. Our estimates are based on past market performance, and past performance is not a guarantee of future performance.

We believe everyone should be able to make financial decisions with confidence. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free.

So how do we make money? Our partners compensate us. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.Here is a list of our partners.

Best Overall: Goldman Sachs

Bank of America CEO: The American consumer is very strong

Goldman Sachs is arguably the most prestigious investment bank. It is a public company that’s more than 150 years old it had nearly $2.5 trillion in assets under supervision at the end of 2021. Many high-ranking government officials have spent time at Goldman. They include U.S. Treasury secretaries, White House advisors, and leaders in central banks and governments around the world. That makes it a major power hub on Wall Street.

The bank has endured its fair share of controversies, including a role in the 2008 financial crisis, but it also engages in a wide range of social initiatives.

Some major services and divisions include financial advisory and underwriting its own investing and lending portfolios institutional investor services investment management and private equity. Outside of investment banking, the firm operates Marcus, an online consumer bank.

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Investment In Coal Mining

On May 6, 2015, Bank of America announced it would reduce its financial exposure to coal companies. The announcement came following pressure from universities and environmental groups. The new policy was announced as part of the bank’s decision to continue to reduce credit exposure over time to the coal mining sector.

Who Merrill Edge Is For

Beginner and intermediate DIY investors will be well-served by Merrill Edge’s technology and range of services. As an online brokerage, Merrill Edge offers a comprehensive platform with adequate technical and fundamental tools suitable for long-term investors and casual traders. As part of Bank of America’s overall financial services universe, Merrill Edge offers perks , a seamless banking/investing experience, a wide variety of educational offerings, and strong in-person support.

  • Limited platform capabilities

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Bofa Securities Inc Further Information

“Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation , including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., all of which are registered as broker-dealers and members of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp are registered as futures commission merchants with the CFTC and are members of the NFA. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured May Lose Value Are Not Bank Guaranteed.

Consent To Electronic Delivery

Bank of America Debuts Financial Planning Tool âLife Planâ?

You agree to receive certain documents and information provided by Bank of America and its Affiliates through the Sites and/or through email provided to you via the Sites. This delivery will generally consist of certain Content on the Sites, and certain other documents relating to Bank of America and its Affiliates business. This electronic provision and delivery will be regarded by you as appropriate delivery pursuant to any delivery requirements under the various statutes and rules, where applicable, of the Securities and Exchange Commission, the National Association of Securities Dealers and any state or other jurisdiction. You acknowledge that you have the appropriate technological equipment to use the Sites and to receive email via the Internet and understand that your use of the Internet may incur certain operational costs such as monthly fees for a service provider. You agree to notify Bank of America or the applicable Affiliate in the event that you no longer desire to receive content through this delivery procedure and will allow a reasonable amount of time to permit proper delivery to you through other means.

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Disclaimer For Hong Kong:

Bank of America and BofA Securities are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, National Association, Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation , including, in the United States, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.

Bank of America, National Association, Hong Kong Branch, is a branch of a national banking association organized and existing with limited liability under the laws of the United States of America.

Global Wealth And Investment Management

The Global Wealth and Investment Management division manages the investment assets of institutions and individuals. It includes the businesses of Merrill Lynch Global Wealth Management and U.S. Trust and represented 21% of the company’s total revenue in 2016. It is among the 10 largest U.S. wealth managers. It has over $2.5 trillion in client balances. GWIM has five primary lines of business: Premier Banking & Investments , The Private Bank, Family Wealth Advisors, and Bank of America Specialist.

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Best For Recession Proofing: Credit Suisse

Investors around the world often look to the Swiss currency as a safe haven when the U.S. dollar appears unstable. Swiss banks also have a reputation for professionalism and privacy when handling large financial transactions. One leader among Swiss banks is Credit Suisse, tracing its roots back to 1856.

Consumer Investment Products Business Enablement Manager

Bank of America, Morgan Stanley stocks rise after Q4 profits beat estimates

Job Description:

The Consumer Investment Products team is responsible for delivering an industry leading investment product offering to the firms Consumer and Small Business clients. The team is accountable for leveraging customer and competitive insights to understand client needs, develop an appropriate strategic plan to meet client needs, and execute related initiatives to support our clients and drive responsible growth.

The Consumer Investments Products Business Enablement Manager will work across the Consumer Investment Products team to drive business strategy development, management support and operating discipline in alignment with team goals. This role reports to the Head of Consumer Investment Products, and responsible for enabling the growth of Consumer Investments product offerings across all delivery channels. The associate will coordinate business planning and prioritization for the team, help to establish and maintain key performance indicators , and manage relevant business metrics and reporting. The associate will serve as a critical contact and liaison for business partners within Global Tech & Operations , Finance and Communications.

Consumer Investments Products Business Enablement Manager Additional Responsibilities include:

Required Skills:

Desired Skills:

  • Current FINRA Series 7 and 66 licenses preferred not required

Job Band:

Desired Skills:

  • Current FINRA Series 7 and 66 licenses preferred not required

Shift:

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Best Turnaround: Morgan Stanley

With roots going back to 1935, Morgan Stanley is another major investment bank in the U.S. With $6.5 trillion in assets under management, it falls squarely in the too big to fail banking stable. The current Morgan Stanley operation came about in 1997 with a merger creating Morgan Stanley Dean Witter Discover & Co. The name went back to simply Morgan Stanley in 2001.

The international investment bank operates three main divisions: institutional securities, wealth management, and investment management. The wealth management division services individual investors. Much of this division came from the acquisition of Smith Barney, which had previously acquired the famed investment bank Salomon Brothers.

Like other major investment banks, Morgan Stanley offers a suite of services for large businesses, including mergers and acquisitions, advising, IPOs, restructurings, and lending. The firm struggled during the 2008 financial crisis and was among the largest recipients of TARP funds from the government during that tumultuous era for financial companies. It turned itself around after 2008 and today lives up to the long history as a leader in corporate buyouts.

Priips Regulation And The Uk Priips Regulation

The PRIIPs Regulation has applied in the EEA from 1 January 2018, aiming to increase the transparency and comparability of investment products through the publication of a standardized short form disclosure document – the KID. In the UK, as a result of Brexit, the EUWA and regulations made under EUWA transposed the PRIIPs Regulation regime in the EEA into UK law with effect from 1 January 2021.

The PRIIPs Regulation and the UK PRIIPs Regulation are intended to make it easier for retail investors in the EEA and the UK to understand and compare the key features, risk, rewards and costs of different products in scope of the PRIIPs Regulation or the UK PRIIPs Regulation, as applicable, through the provision of the KID. This is a free-of-charge pre-contractual, stand-alone document that is to be shared with the investor prior to the conclusion of any transaction and updated throughout the lifetime of the PRIIP, where the PRIIP continues to be made available. The KIDs are not marketing material and do not constitute a recommendation or offer to purchase the investment products.

The PRIIPs Regulation applies to PRIIPs products and services made available within the EEA, regardless of the nationality of an investor. With respect to PRIIPs products and services made available within Switzerland, the provision of a KID which complies with the PRIIPs Regulation will satisfy the Swiss requirements on PRIIPs.

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