The retail-banking industry is undergoing another major shift, and the future looks high-tech, sophisticated, and, for big banks, very urban. Photo: Shaumbé Wright/The Wall Street JournalMother Merrill is fading away. Bank of America Corp. said it would phase out the name Merrill Lynch. Charlotte, N.C.-based Bank of America bought that storied Wall Street firm more than a decade ago. Bank of America plans to remove the Merrill Lynch name from its trading and investment-banking operations, executives said Monday.

Source: Wall Street Journal February 25, 2019 15:56 UTC