US investment firm Bank of America’s sales of structured products via its distribution channels have fallen from US$3.3 billion in the first quarter of 2020 to US$2.1 billion in the fourth quarter

Bank of America ( BofA) finished 2020 in fourth place with 180 structured products worth US$2.07 billion, trailing behind Morgan Stanley (721 products/US$3.9 billion), UBS (1,534 products/US$3.8 billion) and Goldman Sachs (553 products/US$2.1 billion). Eighty six of the products marketed in 2020 were issued by BofA Finance with Scotia Bank (21 products/US$301m), Barclays Bank (19/US$613m), HSBC (18/US$432m) and CIBC (18/US$264m) as the bank’s preferred issuers for its products. The bank l

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