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Bank of America buys Merrill Lynch

By Website Introductions at 09/15/08 11:40

Even one of America's oldest financing corporations is now acquired in fear of possible bankruptcy.

Just today, Bank of America has agreed to purchase the world's most famous brokerage firm, Merrill Lynch, for about $50 billion. This makes the Bank of America group an instant rival of the Citigroup as it now becomes an all-in-one financial service company. More details about this merger here at Bloomberg.

Link: Bloomberg.com: Worldwide

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