'Merrill Lynch' is explained in detail and with examples in the Trading edition of the Herold Financial Dictionary, which you can get from Amazon in Ebook or Paperback edition.
Merrill Lynch proves to be the global markets and commercial banking operations of Bank of American Corporation and all of its various affiliates around the world. They offer the largest network of bank branches in the United States.
Among their national customer base are more than 47 million individual, business, corporate, and institutional accounts. This means that nearly one out of every six Americans is a customer of the banking group. The bank also counts operations in over 35 countries around the globe. The U.S. based bank is commonly listed as the 10th largest bank in the world.
The global footprint of Bank of America Merrill Lynch permits them to provide financial services and products to investors, consumers, and businesses in all regions of the earth. They organize their global operations in over 35 countries in the four proprietary groups of Europe, the Middle East, and Africa; Latin America; Asia Pacific; and the Americas.
The most important presence the bank has outside of North America lies in the Europe, Middle East, and Africa group. This EMEA division includes operations in 32 cities spanning 23 countries on the three continents. Bank of America Merrill Lynch has been partnering with European markets since the end of the First World War in the year 1922.
They maintain over 14,000 staff members in the EMEA. These personnel, branches, and offices provide financial products and services for individual, business, institutional, corporate, and government customers through their knowledge of the international markets combined with a superior local market understanding.
In Latin America, Merrill Lynch is proud to advise both institutional investors and corporations spanning the range of Latin America. They have effectively served this market for over 30 years. The group maintains offices or branches in seven nations where they deliver insights into a range of regulatory and market scenarios. The bank is a significant operator in the countries of Brazil, Mexico, and Chile.
The Asia Pacific group of Merrill Lynch provides 12 different Asian nations and territories across over a dozen languages in five different time zones with over 60 years of regionally based experience.
Though it boasts a significant and growing international presence, the true core strength and locations of Merrill Lynch have always been and likely always will remain in the Americas, particularly in the U.S. and Canada. Here it offers individuals a broad and impressive range of consumer and investment services. Consumer services include checking and savings accounts, credit cards, and home loans.
Under the flagship brands of both Merrill Lynch Wealth Management and U.S. Trust, the group provides individuals with wealth management services through its network of over 18,000 client assisting financial planner representatives (as of 2015). These services they deliver include wealth management banking, investment management, concentrated stock strategies, wealth transfers, trusts, tax and estate planning, retirement services, insurance services, and philanthropic management.
They offer their millions of business and corporate accounts in the United States and Canada a wide range of services through Bank of America and its various subsidiaries. These include lending and company financing, capital advisory and raising services, merchant services, card solutions, fraud prevention, payments and receivables management, liquidity management, equipment finance and leasing, investment management and products, retirement and benefit planning services, trade services, mergers and acquisitions, commodity, currency, and interest rate management, and philanthropic management.
Merrill Lynch also serves institutional clients in the U.S. and Canada. It boasts of leveraged performance in asset management on a global scale. Their services portfolio is both broadly comprehensive and sophisticated. It includes research that leads the industry and expertise in multiple industries and regions of the globe.