Merrill Lynch International Bank is a banking organisation and has its head office in Ireland and is owned by Bank of America Corporation. Merrill Lynch International Bank acts as principal for debt derivative and foreign exchange transactions and engages in advisory, lending, loan trading and institutional sales activity and provides collateralised lending, letters of credit, guarantees and foreign exchange services to, and accepts deposits from, its clients. According to the strategy of Bank of America Corporation, Merrill Lynch International Bank has largely de-risked itself from global markets and global banking activities and no longer originates new business. Merrill Lynch International Dac Bank - Milan Branch operated as a branch of Bank of America Merrill Lynch International DAC (Ireland).
Merrill Lynch International Dac Bank - Milan Branch participates in the deposit guarantee scheme of Ireland. This deposit guarantee scheme applies to any credit balance on an account with a bank made by natural persons, small companies and covers up to up to 100,000 EUR per bank per depositor. Merrill Lynch International Dac Bank - Milan Branch is a member of Irish Deposit Protection Scheme and makes its contributions into it.
Merrill Lynch International Dac Bank - Milan Branch was located in MILANO.