BANK OF AMERICA

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Corporate and Investment Banking, Sales and Trading, Treasury Services

2/2/15 4:00 am EST

Bank of America Merrill Lynch (BofAML), a leader in card services for middle-market, large corporate and public sector clients, today launched BofAML Travel Pro, an award-winning, market-leading business travel payment solution which enhances travel expense management. The firm is the first commercial card issuer in EMEA to launch this product to clients. It is currently available across 27 countries in the region and will be followed by a global rollout.

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1/28/15 10:14 am EST

Bank of America Merrill Lynch was recently named winner of eight awards by financial trade publication, “Treasury Management International (TMI),” in its annual Awards for Innovation & Excellence in Treasury.

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11/21/14 10:39 am EST

Bank of America today announced a partnership with the Global Alliance for Clean Cookstoves (GACC) to raise $100 million to help provide clean cooking solutions to millions of households in the developing world.

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11/19/14 3:00 am EST

Applications are now open for Bank of America Merrill Lynch’s fourth annual U.K. Returning Talent programme, which aims to help bridge the gap between being a stay-at-home parent or carer and re-entering the workplace. People who have been out of work for a year or more are invited to apply for one of the 20 available places via the firm’s careers website.

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11/4/14 8:30 am EST

Global Transaction Services at Bank of America Merrill Lynch today announced the launch of a continuum of solutions to address the various challenges companies face when managing large volumes of cash and check receivables. The two new products, Safe Connect PlusTM and CASH360 LiteTM, complement the existing receivables solutions – Safe Connect TM and CASH360 TM – to provide a suite of cash and paper handling options that address more...

11/3/14 8:30 am EST

Bank of America Merrill Lynch, a leader in card services for middle-market, large corporate and public sector clients, today announced that it has enhanced its global card capabilities with new products, services and geographies. The expanded capabilities are the latest developments of a multi-year investment strategy, and reflect the continuing importance of card products to creating optimal working capital solutions for corporations and public more...

10/2/14 8:30 am EDT

Bank of America Merrill Lynch has been honoured by EMEA Finance magazine in their 2014 Treasury Services Awards, winning the accolade for Best Treasury Services in Europe.

This is the first time the company has won the treasury category, which the magazine said is in recognition of “...a proactive and consultative client approach, product enhancements and focus on thought leadership.”

Bank of America Merrill Lynch’s Foreign Exchange team was also recognised in the awards, winning Best FX more...

9/30/14 8:30 am EDT

Bank of America Merrill Lynch today announced the launch of Digital Disbursements, a new payment solution that enables companies to make payments to their customers digitally, eliminating the need to issue a check. The payments are directly routed to the bank account of the individual payee’s choosing using either a mobile phone number or email address as the identifier.

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9/29/14 8:30 am EDT

Bank of America Merrill Lynch has announced, for the third consecutive year, that in lieu of offering gifts to clients attending the annual Sibos* conference, the company will make a charitable donation on behalf of the delegates. This year, (RED)™, which is focused on generating money and awareness to help end mother-to-child transmission of HIV, will receive the donation.

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9/23/14 3:30 pm EDT

Bank of America today announced a Catalytic Finance Initiative, designed to stimulate at least $10 billion of new investment into high-impact clean energy projects. The initiative will focus on developing or advancing innovative financing structures that reduce investment risk, thereby attracting a broader range of institutional investors.

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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...

9/2/14 9:00 am EDT

Bank of America Merrill Lynch (BofA Merrill) Global Transaction Services (GTS) today announced the implementation of its CashPro® Any2Any for Global Payments Asia-Pacific (Hong Kong) Limited, Taiwan Branch (GPAP), a leading worldwide provider of payment processing services, including 11 markets across the Asia Pacific region. In mandating BofA Merrill GTS, GPAP now has the advantage of processing larger payment volumes for its Taiwan merchant base on a daily basis.

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8/26/14 10:30 am EDT

The Global Transaction Services business at Bank of America Merrill Lynch has published its annual report on the Latin America market, entitled “Driving Growth in Latin America.” The report, which appears in Treasury Management International magazine (TMI), includes a series of articles summarizing the challenges and opportunities for companies conducting business in the region.

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8/20/14 6:47 pm EDT

Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced a $12.057 million World Bank Step-Up Callable Green Bond sold to Merrill Lynch Wealth Management clients. Bank of America Merrill Lynch offered the step-up fixed rate bonds, which are callable after one year. The bonds will pay a 2.32 percent coupon per year for the first five years (stepping up to a maximum final coupon of 8.82 percent per year) more...

8/11/14 4:30 am EDT

Bank of America Merrill Lynch, a leader in card services for middle-market, large corporate and public sector clients, today announced that Melissa Gargagliano has been appointed head of Commercial Cards, Global Transaction Services (GTS) EMEA. In this role, she has end-to-end responsibility for product management, new business growth, sales support and account management for the region’s Commercial Cards platform.

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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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7/10/14 6:11 pm EDT

Bank of America Merrill Lynch has received two top honors from Euromoney magazine, being named Best Global Investment Bank and Best Global Transaction Services House in the Euromoney 2014 Awards for Excellence. This is the first time in the history of the Euromoney awards that any firm has simultaneously won both awards.

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7/8/14 9:00 am EDT

Bank of America Merrill Lynch, a leader in global payments, has announced that a new payments capability is available on CashPro® Online, the company’s worldwide banking portal. Corporate and government clients of all sizes utilizing CashPro can now transact with low-value cross-currency payments, and realize reduced costs and improved efficiency through the CashPro Payments module. The new capability, launched in February this year, more...

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...

6/9/14 9:00 am EDT

This year, the Global Trade and Supply Chain Finance business at Bank of America Merrill Lynch has received a number of awards from readers and editors at key trade publications. The awards reflect the firm’s continued investment in building and innovating trade and supply chain finance solutions for both large corporate and middle-market companies.

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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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4/13/14 11:00 pm EDT

Asia Pacific’s leading chief financial officers (CFOs) are increasingly optimistic that revenues will rise in 2014 compared to last year, but are less optimistic on the outlook for profits.

In a survey of regional CFOs commissioned by Bank of America Merrill Lynch, 76 percent of respondents said they expect revenues in 2014 to rise, up from 72 percent in the same survey last year. However, just 60 percent of those surveyed expect more...