Bank of America Rebrands Its Investment and Wealth-Management Businesses

Bank of America Rebrands Its Investment and Wealth-Management Businesses

February 26, 2019         Written By John H. Oldshue

Bank of America is rebranding some of its businesses, including the investment banking and wealth-management sectors. The investment bank will be renamed as BofA Securities, while the wealth management division will transition from Merrill Lynch to Merrill.

Over the last decade, Bank of America has acquired several businesses, including the longstanding Wall Street firm Merrill Lynch and the private bank U.S. Trust. Branding under U.S. Trust will be renamed as Bank of America Private Bank.

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These efforts are designed to unify the bank’s brands, according to CEO Brian Moynihan. The wealth management brand will maintain the bull logo with the Merrill name to maintain some of Merrill Lynch’s longstanding legacy. The firm was founded in 1914, but it was acquired by Bank of America in 2008 after America’s economic crisis.

Moynihan took over as CEO in the height of the financial crisis, and many attribute the bank’s success in the aftermath to his leadership skills.

The information contained within this article was accurate as of February 26, 2019. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and LowCards.com may be compensated if you take action with any of our affiliate partners.

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About John H. Oldshue

John Oldshue is the creator of LowCards.com. He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for LowCards.com.