Bank of America Merrill Lynch
|Founded||January 1, 2009|
|Headquarters||Bank of America Tower
New York City, United States
|Key people||Thomas K. Montag (President)|
|Parent||Bank of America|
|Website||Bank of America Merrill Lynch|
Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch following the acquisition of the latter by the former in January 2009.
Bank of America completed the acquisition of Merrill Lynch & Co on 1 January 2009. Bank of America began rebranding all of its corporate and investment banking activities under the Bank of America Merrill Lynch name in September 2009.
In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division.
Bank of America Merrill Lynch is organized within four geographic divisions: Asia Pacific; Europe, Middle East & Africa; Latin America and U.S. & Canada.
Bank of America Merrill Lynch achieved the second-highest revenues of any investment bank worldwide in 2010, with a global market share of 6.8 per cent. In that year it achieved the highest revenues of any investment bank worldwide in both leveraged loans and asset-backed securities.
Controversies about worker death
In 2013 21-year-old Moritz Erhardt was found dead by his co-rent friends in rent flat (East London). According to sources, he was working as an intern in the BAML, usually staying on extra hours. Paid interns in this bank usually receive around GBP 2700 per month, however he was probably hoping to forge a career with the firm. Other press informants signalized working more than 110 hours per week, and situations called "magical roundabout", where after working all day to night, at 7 a.m. taxi goes with worker to home, and after taking a shower and changing clothes worker/intern on the same taxi gets back to the working place.  His fellows described him as a superstar, and commented that he usually worked more than others - "He worked very hard and was very focused. We typically work 15 hours a day or more and you would not find a harder worker than him." 
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