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- NEW YORK (Reuters) - Bank of America Corp completed its purchase of Merrill Lynch & Co on Thursday, creating the largest U.S. bank and perhaps one of the biggest challenges yet for longtime Chief Executive Kenneth Lewis.
www.reuters.com/article/business/bank-of-america-completes-merrill-lynch-purchase-idUSTRE5001EA/
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What happened to Merrill Lynch & Bank of America?
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Is Bank of America phasing out Merrill Lynch?
Nov 27, 2020 · In September 2008, Bank of America announced the acquisition of Merrill Lynch in an all-stock transaction valuing the troubled company at around $50 billion.
Feb 25, 2019 · Bank of America said Monday that it will no longer use the Merrill Lynch name for its investment banking and trading divisions. Instead, these businesses will form a unit called BofA Securities.
- 2 min
Sep 17, 2021 · What Is Merrill Lynch & Co.? Merrill Lynch & Co. is the former name of a prominent Wall Street investment firm. Since its acquisition by Bank of America (BAC) in 2009, it has become known simply...
- Jason Fernando
Merrill Lynch & Co. agreed to be acquired by Bank of America on September 14, 2008, at the height of the financial crisis of 2007–2008, the same weekend that Lehman Brothers was allowed to fail.
Oct 24, 2017 · October 24 marks one significant milestone in the crisis: It’s the 10-year anniversary of Merrill Lynch’s whopping $7.9 billion writedown due to complex debt instruments harmed by the meltdown in...
Dec 22, 2021 · Merrill Lynch advisors say the culture has changed too much since Bank of America bought the brokerage a decade ago.
Sep 16, 2008 · Merrill Lynch on Monday rushed into an agreement to be acquired by Bank of America for $50bn in a sign that the crisis engulfing Lehman Brothers is forcing rival investment banks to seek...
