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Merrill Lynch sold in $50bn deal

By
Nishikant
on September 16, 2008 2:24 AM | | Comments (0) | TrackBacks (0)
Bank of America is to buy Merrill Lynch in a deal worth $50bn (£28bn) that will create a new financial giant.

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The deal came amid a hectic weekend on Wall Street, with Lehman Brothers announcing that it would file for bankruptcy protection. There were worries that Merrill would be the next bank to lose the confidence of investors as it has been hit hard by bad mortgage debt.

Full Story: Merrill Lynch sold in $50bn deal

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This page contains a single entry by Nishikant published on September 16, 2008 2:24 AM.

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