(3) maintain bank accounts or borrow in that State, with or without security, even if they are repeated and continuous transactions; The company serves about ten percent of all bank deposits in the U.S. and places it directly opposite JPMorgan Chase, Citigroup and Wells Fargo. Commercial banking, wealth management and investment banking are the company`s main financial services. Prior to joining FleetBoston, she went from partner to partner, member of the executive committee and co-head of the 120-person corporate division based in Boston, MA, and Providence, RI, offices of the law firm Edwards & Angell, LLP (now Locke Lorde LLP). His main areas of activity were general companies, securities and mergers and acquisitions. Bloomberg data shows that Leitch currently owns nearly $7 million in BofA shares. He was not among the bank`s top five paid executives in 2020, according to BofA`s latest proxy circular. Banc of America Securities LLC (BAS) was the investment banking unit of Bank of America until it merged with Merrill Lynch after the company was purchased in 2008 to become Bank of America Merrill Lynch. Based in New York, the company competed in the local and international equity and investment banking sector. During his long tenure at BofA, Mogensen served as Deputy Legal Counsel and General Counsel in various areas of the company, including Corporate Secretary. In her most recent role as head of global compliance and operational risks, she has worked directly with global regulators, regulators and governance committees, as well as the company`s board of directors, the bank said.
The firm was primarily active in the areas of main brokerage and broker-dealers and was headquartered in New York City, where the entire thirty-four-story building was located at 250 Vesey Street. On September 14, 2008, at the height of the 2007-2008 financial crisis, the company agreed to be acquired by Bank of America, the same weekend that Lehman Brothers was allowed to collapse. Merrill Lynch & Co., Inc. was acquired in January 2009 and merged with Bank of America Corporation in October 2013. Following the merger of Merrill Lynch with its business, Bank of America continued Merrill Lynch for its wealth management services. She joined Merrill Lynch`s investment bank into the new bofA Securities. The company was a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of the New York Stock Exchange and the National Association of Securities Dealers. The word “Banc” was omitted from BAS`s name to indicate that it was not a bank and that its deposits and other assets were not guaranteed by the Federal Deposit Insurance Corporation.
Banc of America Securities LLC should not be confused with Bank of America Advisory Services LLC. The latter was established on December 6, 2000 in the jurisdiction of Delaware as a general national limited liability company for Process Service. It retains the Corporation`s Trust Company as a registered agent for the ProcessEs Department. The bank announced in December 2009 that Moynihan would assume his leadership role when federal authorities investigated bofA for his abrupt dismissal of Timothy Mayopoulos, who had been the company`s general counsel a year earlier while it was in merger talks with Merrill Lynch & Co. If you`re on Facebook, you can try asking the Perfectly Paralegal Moynihan group, who switched to FleetBoston`s business page in 1999 and held similar positions at BofA, including head of consumer banking, before moving to the CEO position in January 2010. Merrill Lynch & Co., formerly Merrill Lynch, Pierce, Fenner & Smith Incorporated, was a publicly traded U.S. investment bank that operated independently from 1914 until it was purchased by Bank of America and included in BofA Securities in January 2009. The transition within the legal department is part of a larger reshuffle in which five new executives will join the bank`s senior management team. These include Alastair Borthwick as CFO, Holly O`Neill as President of Retail Banking and Wendy Stewart as President of Global Consumer Banking.
Lauren Mogensen is Global General Counsel at Bank of America and is responsible for overseeing the firm`s legal functions worldwide. This article provides guidance on how to process legal documents through Bank of America. Bank of America Corporation (commonly referred to as Bank of America and often abbreviated as BofA or BoA) is a global investment bank and financial services holding company based in Charlotte, North Carolina. Bank of America was founded in San Francisco in 1998 following the purchase of BankAmerica by NationsBank. After JPMorgan Chase, it is the second largest financial institution in the United States and the eighth largest bank in the world.