The bank also said that its proposals for investment and capital management would become Merrill products, although the asset management team logo would still include the famous Merrill Lynch bull.
The main financial advisory unit will continue to operate as Merrill Lynch Wealth Management, according to the company.
Bank of America assimilated Merrill Lynch in 2008 at the peak of a push to Wall Street. But the commitment of the Bank of America to the Merrill Lynch brand gave him a long life. As Bear Stearns and Wachovia, they were not so fortunate.
In a statement, General Director Brian Moynihan stated that changes would take place over the coming months.
US Trust, which Bank of America bought in 2007, will now be
Merrill Lynch was founded in 1
The bank also took a cover on Wall Street for an investment bank.
Since then, the company has grown in price, and Bank of America America seems to think it's time to move on.