Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back

The Bank of America Corporation is an American multinational investment bank and financial services holding company. It is the second-largest banking institution in the United States and the eighth-largest bank in the world.

Reducing Activities: company scaling back some business operations while continuing others

Wait Scaling Back

Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500
Glob.Revenue, mln.USD
93707

Has a local filial - Merrill Lynch.

The Company Statement
August 15, 2022

Bank of America began to close the accounts of Russian consulates. This was reported by RBC-Ukraine with reference to the statement of Russian Ambassador to Washington Anatoly Antonov. In Aug-2022 cautiously returned to the market for Russian government and corporate bonds.

August 15, 2022JPMorgan, BofA Are Among Banks Moving Back Into Russian Bond Trading
May 24, 2022Bank of America closed the accounts of the Russian consulates in Houston and New York
February 26, 2022U.S., allies target 'fortress Russia' with new sanctions, including SWIFT ban
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