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- Stock symbol: MER (NYSE)
- Annual revenue (2007): $62.7 billion
- Founders: Charles E. Merrill and Edmund C. Lynch
- Year established: 1914
- Industry: Finances and insurance
- Phone: 212-449-1000
- Fax: 212-449-7357
- HQ: New York, New York
- President/CEO: John Thain
- CFO: Nelson Chai
- Staff: 64,900
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Merrill Lynch & Co., Inc. is an international financial conglomerate which, through its many subsidiaries, offers financial and investment services for private, institutional, and government clients around the world. Its chief divisions are conventional banking, investment banking, wealth management, asset management, and insurance.
Bank of America CEO Ken Lewis stated in a testimony given to New York Attorney General Andrew Cuomo in February that he felt that Henry Paulson and Ben Bernanke wanted him to keep quite about worsening terms for the bank's acquisition of Merrill Lynch.The Associated Press: WSJ: BofA CEO says was told to be quiet on Merrill (April 23, 2009)
Key Dates
- January 6, 1914: Company founded by Charles E. Merrill, soon joined by Edmund C. Lynch to form Merrill, Lynch & Co.
- 1916: Winthrop H. Smith joins the firm
- 1921: Successfully invests in RKO Pictures
- 1926: Invests in a controlling share of Safeway, which transforms into a national chain within years
- 1940: Merges with E. A. Pierce & Co. and Cassatt & Co., and name changes to Merrill Lynch, E. A. Pierce, and Cassatt
- 1952: Name changes to Merrill Lynch & Co., Inc.
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Merrill Lynch Questions
Are shareholders carrying the cost of the financial bailouts? 1 AnswerI don't think that shareholders are carrying the cost, of the financial bailout. It seems more like they are sharing the burden with the rest of America's tax p... read more
Do you think the $3.6 billion in bonuses paid by Merrill Lynch was appropriate 1 AnswerThe money that was put into those bonuses could have been put to much better use. However, if those who received those bonuses were promised them in advance the... read more
Was it ethical for BoA to fail to disclose publicly Merrill Lynch financial difficulties? 1 Answerit was Merrill's obligation to disclose anything prior to the close of the merger...as far as ethics, I mean whatever, it's finance read more
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. . . Making my Stock Portfolio Project looks like its gonna be a real bitch . . . UGH! and Merrill Lynch doesn't look too good...but I
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. . . Making my Stock Portfolio Project looks like its gonna be a real bitch . . . UGH! and Merrill Lynch doesn't look too good...
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Who's on the move? Crowd Factory, McBru, Merrill Lynch and more - http://squarefeetpdx.com/
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Moody's toma acciones de calificación en relación a Bank of America y Merrill Lynch México: Las acciones de cal.. http://tinyurl.com/yd65fjy
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Merrill Lynch has raised its S&P target to 1,275. Average currently 1,106.
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