Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America

As you asking I am telling Bank of America Merrill Lynch Global Transaction Services (GTS) has announced the launch of automated U.S. dollar cross-border cash pooling services for corporations operating in the Shanghai Free Trade Zone

In this Bank of America Merrill Lynch solution allows companies to take advantage of the cross-border pooling scheme policy liberalization announced by The State Administration of Foreign Exchange, which allows for the wider cross-border utilization of funds sourced both on and offshore, and an increased quota for net inflows.

Bank profile
Type Division

Industry Financial services

Founded January 1, 2009

Headquarters Bank of America Tower

New York City, United States

Area served Worldwide

Key people Thomas K. Montag (President), Patricia Wyatt (CEO)([1]

Products Investment banking

Parent Bank of America