Bank of America Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Sale of International Wealth Management Business and Joint Venture Investment

Sale of International Wealth Management Business and Joint Venture Investment

12 Months Ended

Dec. 31, 2012

Equity Method Investments and Joint Ventures [Abstract]

Sale of Business Segment and Joint Venture Investment



Note 20.	Sale of International Wealth Management Businesses and Brokerage Joint Venture Investment

In 2012, Merrill Lynch entered into agreements to sell its International Wealth Management ("IWM") businesses based outside of the U.S., subject to regulatory approval in multiple jurisdictions, and the first of a series of closings occurred in February 2013. Also, in late 2012, Merrill Lynch sold its investment in a Japanese brokerage joint venture, which resulted in a gain of approximately $370 million. The IWM businesses and the Japanese brokerage joint venture had combined client balances of approximately $115 billion.