Banc of America Securities LLC (BAS), based in New York City, is one of the two investment banking subsidiaries of Bank of America, the other one being Merrill Lynch. The firm competes in both the domestic and international equity and investment banking markets, and pursues a strategy pioneered by Citigroup that combines corporate lending with investment banking advice and services. BAS also has a strong sales & trading platform, as well as one o...
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Banc of America Securities LLC (BAS), based in New York City, is one of the two investment banking subsidiaries of Bank of America, the other one being Merrill Lynch. The firm competes in both the domestic and international equity and investment banking markets, and pursues a strategy pioneered by Citigroup that combines corporate lending with investment banking advice and services. BAS also has a strong sales & trading platform, as well as one of the largest research teams on Wall Street. It is currently the fastest growing investment bank on Wall Street, and was positioning itself to be a bulge bracket investment bank until the company's CEO declared "I've had all of the fun I can stand in investment banking" during 2007. Its competitors include Goldman Sachs, Citigroup, Morgan Stanley, and JPMorgan.
Its strongest investment banking groups include high-yield debt underwriting and Leveraged Finance, in addition to industry coverage groups such as Healthcare, Consumer & Retail, Global...
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