Bank of America
The drain was likely to continue albeit at a slower pace, Bank of America added in a note citing reserves data for 31 states.
Bank of America said its request to makers of the military-style weapons was in line with those taken by other financial industry companies.
Bank of America Corp (BAC.N) has been quickly expanding its reach to those who are not wealthy enough to be customers of financial advisors within its Merrill.
A surge in technology stocks sent the S&P 500 and the Nasdaq to record highs on Friday, but the gains were kept in check by a drop in banks.
Bank of America (BAC.N) on Friday became the first Wall Street lender to pick Dublin as its new base for its European Union operations.
Bank of America Corp, the second-largest U.S. lender by assets, reported a higher-than-expected quarterly profit.
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