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