Bank of America Corporation (the Corporatio) has filed with the Securities and Exchange Commission on September 4, 2019 the Form 8K related to the following: the Corporation provided notice on July 29, 2019, to its joint venture partner of the termination of the merchant services joint venture at the conclusion of its current term. As a result, the Corporation has recognized a non-cash, pretax impairment charge of approximately $2.1 billion in the quarter ending September 30, 2019, presented in other general operating expense, which is estimated to reduce the Corporation’s Common equity tier 1 (CET1) ratio by 10 basis points. As disclosed in the Second Quarter Form 10-Q, this impairment charge will have no effect on the Corporation’s capital plan for the period beginning July 1, 2019 through June 30, 2020. The Form 8K is also available at Bank of America Merrill Lynch International DAC – Milan Branch, Via Manzoni 5, Milano 20121 and on the Corporation web site www.bankofamerica.com/. The filing also can be viewed on SEC website https://www.sec.gov/Archives/edgar/data/70858/000007085819000045/0000070858-19-000045-index.htm
Protocollo
67397
Comunicato
Azienda
BANK OF AMERICA MERRILL LYNCH INTERNATIONAL LIMITED
Tipo
Comunicato
SDIR
SDIRNIS
Lingua
ENG
Data creazione
Data ricezione SDIR
Data diffusione SDIR
Mercato
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