Awards for Excellence 2014: Best global transaction services house

Best global transaction services house:

Also shortlisted:   Citi   Deutsche Bank   HSBC

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Ever since Bank of America bought Merrill Lynch in 2009, there has been a privately held fear among competitors that the merged bank would be a global force to be reckoned with if its divergent cultures were somehow melded into one. Five years on and that situation is materializing. 

In global transaction banking, as elsewhere, Bank of America Merrill Lynch is reaping the benefits of a more unified culture that has senior Merrill investment bankers working closely and collaboratively with their corporate and transaction banking brethren to win banking business.