Merrill Lynch & Co.

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Merrill Lynch & Co.

A formerly independent financial services company. Founded in 1914, it has been publicly traded since 1971 and specializes in investment management and advising, insurance, banking, and capital markets services, among others. It is perhaps best known for its global private client services, especially wealth management for individuals and businesses. Because of its over-exposure to mortgage-backed securities in the credit crunch that began in 2007, Merrill Lynch was acquired by Bank of America in January 2009.
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References in periodicals archive ?
They said that the December 5 vote to buy Merrill Lynch and Co was based on an October 31 proxy statement that did not reflect the company's poor performance in the fourth quarter of 2008.
brokerage house Merrill Lynch and Co. announced Wednesday it will make a public offering in preferred shares worth 10 billion yen to individual investors.
brokerage Merrill Lynch and Co. has coerced one of its customers into telling the subsidiary the size of the person's assets, company officials said Wednesday.
Merrill Lynch and Co's USD15.4bn loss forced Bank of America Corp to seek more money from the US government.
Merrill Lynch and Co. said Wednesday it has agreed to pay 25 million dollars in settlement with U.S.
brokerage house Merrill Lynch and Co. said Tuesday it will cut 5% of its global staff, but no layoffs are planned for its private client business in Japan.

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