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Commercial and Middle Market Banking

7/12/17 10:00 am EDT

Once again, Bank of America Merrill Lynch (BofA Merrill) saw its commercial card business reach a new benchmark, according to the annual ranking of U.S. purchase volume for the 2016 calendar year recently published in The Nilson Report, a card payments industry publication.

BofA Merrill processed $56.3 billion in U.S. purchases in 2016 across three categories – purchasing cards, corporate cards and prepaid cards, a 9.2 percent increase over 2015. This total enabled BofA Merrill to maintain its more...

3/8/17 10:00 am EST

Treasury Management International (TMI), a publication covering the transaction services industry, has named Bank of America Merrill Lynch its 2016 Global Bank of the Year for Payments & Collections. BofA Merrill won seven additional awards, all part of TMI’s annual Awards for Innovation and Excellence.

BofA Merrill was especially strong in the Payments & Collections category, winning three regional or country awards in addition to the global recognition. The full list of BofA Merrill more...

2/14/17 9:30 am EST

Bank of America Merrill Lynch Community Development Banking (CDB) provided nearly $4 billion in loans, tax credit equity investments and other real estate development solutions to create housing for individuals, families, veterans, seniors and the previously homeless across the United States in 2016. This effort included:

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10/24/16 9:11 am EDT

Bank of America Merrill Lynch’s recent technology investmentin end-to-end lockbox operations has improved its speed of processing from the time of receipt to the time of deposit by 25 percent, and the rate of straight-through automation to more than 70 percent. These metrics are important indicators of BofA Merrill’s commitment to help companies by processing paper payments as efficiently and accurately as possible, and ultimately help them optimize their working capital. more...

7/19/16 9:00 am EDT

Bank of America Merrill Lynch’s commercial card payment solutions have gained in importance to the firm’s clients, as reflected in transaction volume rankings for calendar year 2015 that were recently published in the Nilson Report, which covers card payment systems worldwide.

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7/6/16 6:30 pm EDT

Euromoney this week named Bank of America the World’s Best Bank in two key areas: financing and diversity. This is the inaugural year for both awards, and the wins reflect the bank’s strategy to serve customers, clients and shareholders through the power of its diverse, global workforce.

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2/23/16 9:00 am EST

Bank of America Merrill Lynch has been named winner of nine leading industry awards by financial trade publication Treasury Management International (TMI).

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2/1/16 9:00 am EST

Bank of America Merrill Lynch Community Development Banking (CDB) provided a record-setting $4.5 billion in equity and lending, the most in a single year in its more than 30-year history.

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8/27/15 9:00 am EDT

Bank of America Merrill Lynch Global Transaction Services (GTS) yesterday launched the Asia Pacific Emerging Women in Treasury program at an event in Hong Kong. The program is part of the firm’s efforts as a responsible company to help build diverse and inclusive workplaces, offering a forum for high-potential female talent in Asia Pacific to come together to promote greater gender equality in leadership and address any structural biases against women that may exist.

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6/25/15 8:00 am EDT

Chief financial officers (CFOs) in Singapore are the most pessimistic group in Asia Pacific, with only 37 percent expecting profit to rise in 2015 compared with the regional average of 73 percent, according to the Bank of America Merrill Lynch 2015 CFO Outlook Asia survey.

In a survey of CFOs across Asia Pacific, 53 percent of Singapore CFOs expected profit to decline during the year, more than double the regional average. A weak global economic environment and a sluggish domestic market are more...

6/25/15 8:00 am EDT

Chief financial officers (CFOs) in Korea are among the most cautious in the region according to the Bank of America Merrill Lynch 2015 CFO Outlook Asia survey. Weaker-than-expected demand in export markets, reduced export competitiveness and slower household income growth are some of the factors driving this sentiment.

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6/25/15 8:00 am EDT

Taiwan chief financial officers (CFOs) are among Asia’s most optimistic, with 93 percent forecasting profits to rise in 2015, according to the Bank of America Merrill Lynch CFO Outlook Asia survey. The positive sentiment is being driven by the stabilization of economic growth, high consumer sentiment, and benign market risks.

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6/22/15 10:00 am EDT

The Global Transaction Services (GTS) business at Bank of America Merrill Lynch has published its annual report on the North American market, entitled "North America Perspectives." more...

6/11/15 9:00 am EDT

More CFOs will look to expand into the Japanese market via mergers and acquisitions (M&A), according to the Bank of America Merrill Lynch 2015 CFO Outlook Asia report. The strength of the Japanese corporate sector, the ongoing economic reform agenda (“Abenomics”) and a drop in asset prices due to a weaker yen are driving this sentiment.

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6/11/15 9:00 am EDT

More chief financial officers (CFOs) in Asia Pacific are confident in their regional businesses, as measured by growth prospects, their ability to manage and mitigate risk, and their appetite to expand and invest, according to the Bank of America Merrill Lynch 2015 CFO Outlook Asia survey.

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5/29/15 7:00 am EDT

Asia Pacific’s leading corporate treasurers have identified improving cash visibility and cash flow forecasting as the most common priorities in the coming 12 months but also see additional scope for enhancing treasury process automation, optimizing working capital and focusing on risk management within their functions. 

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3/10/15 10:30 am EDT

Global Finance magazine has named Bank of America Merrill Lynch Best Bank for Cash Management in North America for the fifth consecutive year. The publication also named the firm Best Bank for Liquidity Management in North America for the fourth straight year, and Best Treasury & Cash Management Provider in the United States, an inaugural category. more...

9/22/14 10:00 am EDT

The breadth of topics covered at a Bank of America Merrill Lynch client conference last week was immense: everything from maintaining connectedness during natural disasters to leveraging social media as a talent management tool to information security.

In light of this spectrum of topics, keynote speaker Peter Markell, chief financial officer and treasurer of Boston-based Partners Healthcare Systems, told conference participants that more...

8/4/14 4:30 am EDT

Bank of America Merrill Lynch, a global leader in payments, recently hosted a webcast on how to successfully navigate the payments landscape in Europe. The event was aimed at U.S.-headquartered businesses planning to expand their operations into the region.

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6/18/14 8:00 am EDT

Bank of America Merrill Lynch Global Transaction Services (GTS) today announced the implementation of a tailored collections and payments solution in China for OSI Group (OSI) LLC, a privately-owned U.S.-based food processing corporation. In addition to a full suite of treasury management services to help OSI optimize working capital in China, the customized solution includes dedicated credit facilities to support its new operations in Weihai, Shandong province, China. more...

6/5/14 10:24 am EDT

Bank of America Merchant Services, the No. 1-rated electronic payments processor in the United States, announced today the creation of the company’s new Canadian merchant services operation.

“Our U.S.-based clients continue to expand globally, and we believe this new organization will best serve their needs by providing best-in-class solutions,” said Tim Tynan, chief executive officer of Bank of America Merchant Services. “We are also honored and excited about servicing the needs of new, future more...

5/16/14 8:55 am EDT

Bank of America Merrill Lynch Global Transaction Services (GTS) today began its participation in the Shanghai Free Trade Zone (FTZ) USD cash management pilot program with U.S.-based TRW Automotive (TRW) mandating the firm for a comprehensive treasury management solution.

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5/7/14 11:00 pm EDT

China’s leading chief financial officers (CFOs) are less optimistic towards financial performance in 2014 compared to last year, identifying global macroeconomic risk as a primary concern, ahead of a moderating domestic economy.

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5/1/14 10:00 pm EDT

Banks are increasingly looking to distribute trade assets to global investors as regulatory reform focusing on leverage and liquidity ratios forces lenders to optimize balance sheet management and strategy. As a result, the core trade distribution function is rapidly gaining importance and reinventing itself in an evolving market, according to a discussion led by Bank of America Merrill Lynch at its Trade Risk Distribution Investor Forum hosted in Singapore on April 25.

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4/7/14 10:00 am EDT

Bank of America Merrill Lynch today announced the addition of CashPro® BillPay to the firm’s suite of payments solutions for business clients. CashPro BillPay helps small- to medium-sized companies move to a paper-free payments process that allows more automation, control and precision in payments timing and cash flow.

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