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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