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The bank bought Merrill Lynch for $50 billion in an all-stock transaction in 2009. Along with its Charlotte base, Bank of America also has a significant presence in New York.
Some argue that this may have helped stabilize the economy by allowing for the purchase of Merrill Lynch by Bank of America or JP Morgan to purchase Bear Sterns.
The Merrill Lynch bull statue may soon have a new permanent range at the Bank of America office campus north of The Avenues mall. The city issued permits Feb. 20 for the foundation and the ...
I grew up in a household with parents who have a combined 80 years on Wall Street. Both worked at Merrill Lynch (which later became Bank of America, where my father was a commodities trader and my ...
The main competitors of Bank of America (BAC) are also major U.S. banks: JPMorgan Chase, Citigroup, and Wells Fargo. Learn more about the "Big Four" in American banking.
Instead, both suitors pulled out, with Bank of America (BAC, Fortune 500) instead entering merger talks with the brokerage giant Merrill Lynch (MER, Fortune 500).
. Wall Street is looking at retail brokerage, too. Investors with banking relationships at the Merrill Lynch unit of Bank of America (BAC) and JPMorgan Chase (JPM) can trade free on a limited basis.
Sieg: More than 10 years after Merrill Lynch was acquired by Bank of America, there is one business, whether someone comes from the consumer bank or they're an investment banker or trader in the ...
Bank of America's global wealth and investment management unit reported record client balances of $3 trillion as of December 31. Merrill Lynch, which is housed under that umbrella, reported record ...
A new report by Bank of America Securities (a.k.a. Merrill Lynch) has been met with great fanfare in the investment business. The headline is that the conventional wisdom of investing 60% of your ...
The weekend of Sept. 13 and 14, 2008 was one of the worst ever on Wall Street. And when Lehman Brothers went bankrupt on Sept. 15, it triggered a global financial panic. Also over that weekend, Ban… ...
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