The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Simply marbleous: BofA has erased Merrill Lynch before

Ever wondered why there is a dark stripe in the wall on the way to the Merrill elevators in London?


Bank of America’s imminent wiping of the Merrill Lynch name from its investment bank isn’t the first erasing of the Merrill legacy at the firm.

Back in the good old days, the Merrill Principles of respect, teamwork, integrity, client focus and citizenship were hard to avoid if you were wandering around Merrill campuses the world over. But after Bank of America bought the firm, they started to disappear.

In most places that was a simple enough process – take down some banners, shred some stationery, that sort of thing. But not in London, where the Principles were carved into the giant blocks of marble that make up the wall running from the security gates to the elevator bank on the ground floor of the King Edward Street office.

If you’ve ever noticed that there is a strip of blocks in the middle of the wall that appears slightly darker than the rest, then you’ve found exactly where the Principles used to be.

But how to go about wiping out those pesky Principles? One way would be to buy some new blocks, but that’s difficult. The Merrill marble was also rather expensive, by all accounts.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree