Owners
Bank of America Merrill Lynch is an American investment bank that is part of the Bank of America financial conglomerate. Initially, the company was independent and bore the name Merrill Lynch, but after the global economic crisis in 2007-2008, it lost a significant part of the funds and was bought by Bank of America.
Business in Russia
2022: Loss of RUB 658 mln
The crisis year 2022 brought losses to American investment banks in Russia. According to the reporting, at the end of the year, the loss of Merrill Lynch Securities amounted to 658.8 million rubles, although a year earlier the broker was profitable (614.1 million rubles).
History
2023: Staff cuts
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