Merrill LatAm Unlikely to Escape Merger Scythe
Dec 5, 2008
As Merrill Lynch and Bank of America (BofA) shareholders cast votes on the proposed merger today, questions surrounding the extent of the post-vote carnage swirl both internally and among the banks’ haggard competitors. The deal is expected to go through, forming a temporarily bloated entity employing some 370,000 people, according to one internal estimate. News reports citing market speculation in the days leading up to the vote suggest up to 30,000...
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