The Trader 

Market Outlook: The rump of Merrill Lynch

The Trader

Originally a broker-dealer, Merrill Lynch, Pierce, Fenner & Smith was rescued by Bank of America at the height of the financial crisis on the 14th September 2008. Yesterday the bank’s CEO Brian Moynihan said in an interview, ‘’we are continuing to unify the company, continuing down the road we started on a decade ago’’. The bank reverts to just Bank of America, the wealth management arm will be rebranded just Merrill. Perhaps they think that bit of the name has less toxic connotations.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now