Bank of America Getting Bigger and Better In Asia

Although BofA still has a long way to go until it can compete with the likes of Goldman Sachs and UBS in China, the Charlotte, N.C.-based bank, thanks to picking up "Mother" Merrill Lynch a couple years back, has been rising in the ranks in the rest of the Asia-Pacific region.

According to Bloomberg, BofA is currently "ranked sixth in advising on M&A [deals] and fifth on IPOs in the region [Asia-Pacifc] this year, rising from 10th place in 2008 when the merger with Merrill Lynch was announced."

In IPOs, BofA only trails Morgan Stanley, Deutsche Bank, JPMorgan Chase and Goldman. In M&A, it trails those four plus UBS.