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Sale of Wealth Management Businesses Sale of Wealth Management Businesses (Notes)
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9 Months Ended | ||||||
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Sep. 30, 2012
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| Sale of International Wealth Management Businesses [Abstract] | |||||||
| SaleofInternationalWealthManagementBusinesses [Text Block] |
In the quarter ended September 30, 2012, Bank of America entered into an agreement to sell Merrill Lynch's international wealth management business based outside of the U.S. with approximately $84 billion in client balances. The sale is subject to regulatory approvals in multiple jurisdictions, with the first of a series of closings expected in the first quarter of 2013.
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- Details
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- Definition
SaleofInternationalWealthManagementBusinesses [Text Block] No definition available.
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