As we enter 2021, SRP looks back at the most read people move stories in 2020 highlighting the changes at the main issuers and manufacturers of structured products globally.
Bank of America (BofA) started 2020 on a positive note following the rebuild of its equities and equity derivatives business in Europe after a year focused on fuelling the turnaround of the business. This followed a challenging 2018 which resulted in a pullback in investing banking activities in Europe. The US bank dropped Merrill Lynch from its investment banking brand in early 2019, while keeping the name Merrill for wealth management, a move to boost morale in its investment bank after
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