Merrill Lynch International Dac Bank - Milan Branch

 (2.7; 9 ratings)
2.7 9
Business Focus
investment banking

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).

Bank Category

Branches of foreign banks

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Irish Deposit Protection Scheme
Covered Depositors
natural persons
small companies
Covered Accounts
any credit balance on an account with a bank

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.

Contacts

VIA MANZONI, 5, 20121, MILANO, Italy

Merrill Lynch International Dac Bank - Milan Branch was located in MILANO.

Bank Identifiers

BIC (SWIFT)
MELYITM1XXX
MFI ID
IT0001071626955

Bank History

Close Date
October 2016
Previous Name
Merrill Lynch International Bank Ltd Milan Branch