Boston, MA 10\/10\/2013 (wallstreetpr) –\u00a0The bank has recovered recently, with greater prospects to become investment worthy, after the completion of Merrill Lynch\u2019s merger. This has brought an end to the process which started in late 2008, when the global economic crisis was at its peak. The deal was earlier talked of as the most strategic move by Bank of America Corp (NYSE:BAC), to become the largest financial service in the world. However, as time passed, investors started questioning the basic premise on which the decision to merge was made, which started to stem after litigation was raised against the bank one after another. This not only put stress on the financial standing of the bank, but also affected its brand image as that of a bank which complies to all regulations to meet customer needs in the most effective manner.<\/p>\n
The assumption was that the bank would become too large after the merger, and thereby impossible to fail, fell apart. However, the bank now seems to have satisfactorily overcome the entire merger process. What is seen as the most important aspect from this merger is the fact that there will be no need to make separate disclosures to regulators. This is a boon for the bank who has, every now and then, been blamed by the market for lacking transparency in its proceedings. Other things, such as customers dealing with the bank, would however remain the same.<\/p>\n
Now investors and the market at large seem to be baffled about the future prospects of the bank, whose magnanimous size may prove to be an advantage as well as a disadvantage in the future. History has proven that it is banks of size, like Bank of America, that have been the real cause of economic slowdown. However, no such signs seem to persist with BAC, which has provided a decent return of 19% this year itself, with increasing on a 50% year on year basis.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 10\/10\/2013 (wallstreetpr) –\u00a0The bank has recovered recently, with greater prospects to become investment worthy, after the completion of Merrill Lynch\u2019s merger. This has […]<\/p>\n","protected":false},"author":15,"featured_media":9818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[460,3132,1654,1010],"stock_ticker":[],"class_list":["post-9815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bac","tag-bank-of-america-corp","tag-bank-of-america-corp-nysebac","tag-nysebac","entry"],"acf":[],"yoast_head":"\n