Merrill Lynch International Dac Bank - Milan Branch

Anna Mileiko Created by Anna Mileiko

MERRILL LYNCH INTERNATIONAL DAC BANK - MILAN BRANCH Logo

Address

VIA MANZONI, 5, 20121, MILANO, Italy

BIC

MELYITM1XXX

Overview

Category

Branches of foreign banks

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 globalbanking activities and no longer originates new business.

Merrill Lynch International Dac Bank - Milan Branch operated as a branch of Bank of America Europe DAC (Ireland).

Deposit Protection

Deposits up to 100,000 EUR are covered by Irish deposit guarantee scheme in Merrill Lynch International Dac Bank - Milan Branch.

Deposit Guarantee

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

Merrill Lynch International Dac Bank - Milan Branch protects deposits up to up to 100,000 EUR per depositor through Ireland's deposit guarantee scheme. The scheme applies to any credit balance on an account with a bank made by natural persons, small companies. The bank participates in the Irish Deposit Guarantee Scheme (DGS), making regular contributions into it.

See Also

Contacts

addressVIA MANZONI, 5, 20121, MILANO, Italy

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

See Also

Bank Identifiers

BIC (SWIFT)
MELYITM1XXX
MFI ID
IT0001071626955

Bank History

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