BofA Merrill Surprises on Upside

Dec 24, 2009

At the end of an extremely challenging year for investment banks globally, there are two big surprises in LatAm. One is that the fee pool from core investment banking activities –M&A, DCM and ECM – has actually expanded slightly. The other is that Bank of America Merrill Lynch – which most of the street had written off as a regional player after its...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management