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  • 5/23/13 11:00 am EDT
    Bank of America Merrill Lynch Launches Controlled Account in Mexico

    New Escrow Product Adds to Company’s Local Transaction Services

    Bank of America Merrill Lynch, a global provider of custody and agency services, today announced that it has launched Cuenta Controlada (Controlled Account) services in Mexico for Mexican pesos and U.S. dollar transactions. The new offering is an important addition to the suite of transaction services available to clients operating in Mexico. Cuenta Controlada regulates the exchange of cash among multiple parties based on agreed uponmore...
  • 5/21/13 10:02 am EDT
    Bank of America Assisted 366,000 Customers With National Mortgage Settlement Programs Through March 31

    Bank Believes Consumer Relief Provision Has Been Exceeded; Continues Outreach to Offer Assistance to Remaining Eligible Customers

    Less than a year after beginning implementation of principal reduction and other consumer relief programs under the National Mortgage Settlement (NMS), Bank of America completed and approved assistance to about 320,000 customers totaling $29.2 billion in aggregate relief across all settlement programs through March 31. Nearly 46,500 additional homeowners who are making timely payments on loan balances that exceed the current value of themore...
  • 5/21/13 9:00 am EDT
    High Net Worth Investors Refocus on Growth but Overlook Family, Health and Retirement Risks, Finds U.S. Trust 2013 Insights on Wealth and Worth

    Long-term Care Costs and Financial Support for Extended Family Are Unseen Risks to Wealth

    U.S. Trust 2013 Insights on Wealth and Worth found that family health has emerged as the new risk to family wealth. Long-term care and out-of-pocket healthcare costs, combined with financial support for extended family, are weighing heavily on families, particularly women and younger generations, yet are risks to wealth that are not well reflected in financial planning. U.S. Trust today published findings of a survey of 711 highmore...
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RT @MerrillLynch: #Healthcarereform Update: What is and isn’t covered now--and how the changes could affect your financial strategy: http:/…-25 min 4 sec ago
Michael Hanson, #BofAML senior US economist, to appear on @BloombergTV Market Makers today from 10 AM to 12 PM ET-1 day 2 hours ago
RT @BofA_Community: Our thoughts are w/those affected by tornados in #OK. See updated list of closed banking ctrs & open charging ctrs http…-1 day 23 hours ago
46K+ #BofA mortgage customers approved for 1st-lien mods, received $7B+ in forgiven principal via #NMS: http://t.co/FI25QmchKO-2 days 8 min ago
366K #BofA customers received relief via national mortgage settlement programs through 3/31: http://t.co/FI25QmchKO-2 days 1 hour ago

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