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- Merrill Lynch agreed to sell to Bank of America for $44 billion
- Merrill Lynch has a far stronger investment bank than Bank of Americamsnbc.com: Report: Bank of America to buy Merrill Lynch (September 14, 2008)
- Will greatly expand Bank of America's influence
- Price agreed upon Sunday September 14, 2008
- Merrill Lynch CEO: John Thain
- Bank of America CEO: Ken Lewis
- Merrill Lynch stock had dropped to $17.05 on Friday
- Drop was attributed to Lehman BankruptcyWSJ.com: Bank of America Reaches Deal for Merrill (September 15, 2008)
- Bank of America will directly compete with Citigroupmsnbc.com: Report: Bank of America to buy Merrill Lynch (September 14, 2008)
- Citigroup has largest assets of any American bankmsnbc.com: Report: Bank of America to buy Merrill Lynch (September 14, 2008)
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A merger between Merrill Lynch and Bank of America is in negotiations, and both companies agreed on a price on September 14, 2008: Merrill Lynch will sell to Bank of America for $44 billion, at $29 per share. This large merger will expand Bank of America's influence into nearly every area of American finance, and additionally will strengthen its hand internationally.WSJ.com: Bank of America Reaches Deal for Merrill (September 15, 2008)
Bank of America Post-Merger Influence
- Credit cards
- Auto loans
- Bond and stock underwriting
- Mergers
- Wealth management
- Greater influence in "emerging countries"WSJ.com: Bank of America Reaches Deal for Merrill (September 15, 2008)
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Merrill Lynch Bank of America 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
Why are Citigroup and Bank of America buying MBS on the secondary market? 1 AnswerThey are doing it to make money. See: http://www.zacks.com/stock/news/18599/C,+BAC+Pushing+Prices+Up%3F How does it work. These securities are marked down beca... read more
Will Bank of America oust Ken Lewis and remove the entire Board of Directors? 1 AnswerI'm guessing that he survives and that the majority of stockholders will blame the government. read more
Were you surprise that Bank of America needs to raise $34 billion? 1 AnswerI'm surprised to hear that. I thought they were doing well since it seems they are buying out all these other banks. All the Lasalle banks around here turned ... read more
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More domestic investors needed: Bank of America-Merrill Lynch's India Country Head says any regulatory reform i.. http://bit.ly/5kUPVE
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Bank of America-Merrill Lynch country head Watts speaks during Reuters India Investment Summit in Mumbai http://bit.ly/8Ka2bI
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GMO&MO: DOCUMENTATION SPECIALIST: BANK OF AMERICA MERRILL LYNCH - Salary: Undisclosed - Location: DUBLIN - Upda.. http://short.ie/sp3304
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GMO&MO: RISK AND INTEGRITY ANALYST: BANK OF AMERICA MERRILL LYNCH - Salary: Undisclosed - Location: DUBLIN - Up.. http://short.ie/naof8z
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TECH: APPLICATION SUPPORT ANALYST - CO: BANK OF AMERICA MERRILL LYNCH - Salary: Undisclosed - Location: DUBLIN .. http://short.ie/4nyd7c
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