In This Issue:
- Domestic Banking 2
- Domestic General 4
- European Banking 5
- European General 6
- International Banking 6
- International General 7
- Press Releases 7
- Case Law 9
- Excerpt from International Banking:
INTERNATIONAL BANKING -
BANK OF AMERICA 53. Bank of America is selling its final set of shares in China Construction Bank (CCB) which it purchased in 2005. The shares are worth $1.5 billion and represent 1 per cent of CCB's shares and mark the bank's departure from the Asian investment market following similar moves made by Goldman Sachs and Citigroup.
Financial Times, 3 September 2013
54. Merrill Lynch, the subsidiary of Bank of America, could be merged with the US investment bank by the end of 2013 in a move to reduce costs and streamline operations. The Merrill Lynch brand will be retained for Bank of America's brokerage and investment bank.
Telegraph, 17 August 2013
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Topics: Bank of America, Banking Sector, Banks, Barclays, Default, EU, Financial Conduct Authority, Goldman Sachs, HSBC, International Banks, International Finance, JPMorgan Chase, Lloyds Banking Group, Mortgages, Prudential Regulation Authority, Royal Bank of Scotland, UK
Published In: Finance & Banking Updates, International Trade Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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