Bank of America Merrill Lynch International Limited

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Bank of America Merrill Lynch International Limited Logo

Address

2 King Edward Street, EC1A 1HQ, London, United Kingdom

BIC

n/a

Overview

Category

Commercial banks

Business Focus

investment banking

Bank of America is an American financial services and banking corporation. Bank of America provides a broad spectrum of services, including retail and private banking, asset management, corporate banking, investment banking and insurance. In January 2019, the assets and liabilities of Bank of America Merrill Lynch International Limited were tranferred to Bank of America Merrill Lynch International DAC (Ireland).

Performance

In 2017, Bank of America Merrill Lynch International Limited achieved the position of 25th largest bank in the United Kingdom with a market share of 0.29%; its total assets grew by 14.80%.

Deposit Protection

Deposits up to 85,000 GBP are covered by the United Kingdom's deposit guarantee scheme in Bank of America Merrill Lynch International Limited.

Financials

Total Assets of Bank of America Merrill Lynch International Limited
Annual_profit of Bank of America Merrill Lynch International Limited
Market Share of Bank of America Merrill Lynch International Limited
Total Assets (2017)
34,826.00 mln USD   (+14.80%)
Annual Profit (2017)
224.00 mln USD   (-43.15%)

Bank of America Merrill Lynch International Limited ranked as the 25th largest bank in the United Kingdom by total assets. In 2017 its total assets were 34,826.00 mln USD, representing a 0.29% market share. In 2017 the bank's annual profit was 224.00 mln USD.

Credit Ratings

Fitch: A
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: -
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

Bank of America Merrill Lynch International Limited is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A (high credit quality).

Deposit Guarantee

Protected Amount
up to 85,000 GBP
Guarantee Fund
Financial Services Compensation Scheme (FSCS)Financial Services Compensation Scheme (FSCS)
Covered Accounts
current accounts
savings accounts
time deposit accounts
Eligible Depositors
private individuals
companies

Bank of America Merrill Lynch International Limited protects deposits up to up to 85,000 GBP per depositor through the United Kingdom's deposit guarantee scheme. The scheme applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies. The bank participates in the Financial Services Compensation Scheme (FSCS), making regular contributions into it.

See Also

Contacts

address2 King Edward Street, EC1A 1HQ, London, United Kingdom
phone44 02071744000

Bank of America Merrill Lynch International Limited was headquartered in London.

See Also

Bank Identifiers

LEI
EYKN6V0ZCB8VD9IULB80
Company Number
01009248
MFI ID
GB0385

Bank Supervision

Supervised By
Financial Conduct Authority
Reference Number
124509

Bank of America Merrill Lynch International Limited was authorized and supervised by the Financial Conduct Authority (reference number 124509).

Bank History

Start Date
April 1971
Close Date
January 2019
Previous Name
Banc of America Securities Ltd
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