New technologies additionally allowed the direct linking of credit score cards with particular person financial institution accounts. In addition, there was a credit card firm, OCA, in Uruguay, which had 23 branches. Despite the dimensions of the 2 firms, federal regulators insisted only upon the divestiture of 13 branches in New Mexico, in towns that would be left with solely a single financial institution following the combination. It had 66 branches and 203,000 clients in Brazil. The financial institution also disclosed it tried to abandon the deal in December after the extent of Merrill's buying and selling losses surfaced, but was compelled to complete the merger by the U.S. The combined Bank of America Card Services group, together with the former MBNA, had more than 40 million U.S. The Bank of America Corporation (usually abbreviated BofA or BoA) is an American multinational funding bank and financial services holding firm headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan.
