Bank of America reaches £28bn deal with Merrill Lynch

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Bank of America reaches £28bn deal with Merrill Lynch

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09-15-2008, 02:55 PM

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Bank of America reaches £28bn deal with Merrill Lynch

A new financial giant has been created as Bank of America confirmed it is to buy Merrill Lynch in a deal worth $50 billion (£28 billion), subject to the approval of shareholders and regulators. The deal will result in the new financial services giant involved in everything ranging from fixed-income trading to stock underwriting to [...]

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