Wednesday 20 June 2018
Merill Lynch

BofAML launches new travel payment solution in EMEA

Bank of America Merrill Lynch (BofAML), a leader in card services for middle-market, large corporate and public sector clients, has launched BofAML Travel Pro in the Europe, Middle East and African Region (EMEA) – a business travel payment


Citi, Merill Lynch face US fraud charges

The Justice Department is preparing to file civil fraud charges against Citigroup and Bank of America's Merrill Lynch unit over their sale of flawed mortgage securities ahead of the financial crisis, according to people familiar with the pro


Merrill Lynch takes $14bn write-down

Merrill Lynch & Co on Thursday posted a quarterly loss of nearly $10 billion after write-downs and adjustments totalling $14.1 billion as bad subprime mortgage bets forced the brokerage to sell stakes in the company to foreign investors to rai


Kuwait may invest in Merrill says paper

US investment bank Merrill Lynch & Co Inc is seeking about $4 billion in a second capital raising, a report said. The Kuwait Investment Authority is expected to be a significant investor in the new deal, the Financial Times reported, c

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