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Merrill Lynch & Co., formally Merrill Lynch, Pierce, Fenner & Smith Incorporated, was a publicly-traded American investment bank that existed independently from 1914 until January 2009 before being acquired by Bank of America and rolled into BofA Securities.
The company prospered and grew quickly, earning a strong reputation in financial circles for financing the newly emerging chain store industry. Merrill himself was a founder of Safeway Stores, and the company underwrote the initial public offering for McCrory Stores.
Sep 15, 2008 · Sept. 14, 2008. It is the end of an era for Merrill Lynch, the brokerage firm that brought Wall Street to Main Street. Merrill, which has lost more than $45 billion on its mortgage investments,...
May 17, 2019 · Through a series of mergers and acquisitions, Merrill boosted the chain from 670 stores in 1926 to 3,265 in 1933.
Merrill created the main street brokerage by founding the Merrill-Lynch Company. He was the first investment banker to realize that chain stores would one day dominate retailing and handled underwriting for at least 25 retail stores (such as S.S. Kresge – now K-Mart and Safeway Stores).
Sep 15, 2008 · NEW YORK (Reuters) - The following is a brief history of Merrill Lynch & Co, which agreed to be acquired by Bank of America Corp in a $50 billion transaction. This history is taken from...
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With his early success and a burning desire to be his own boss, Merrill in partnership with Edmund Lynch, opened his own brokerage house in 1914 at 7 Wall Street. While most Wall Street executives disdained chain stores as a passing fad, Merrill recognized them as the future of American shopping.
