Posted AT 9:53 AM EST on 15/09/08
Bank of America to buy Merrill for $50-billion
NEW YORK — Bank of America on Monday began adding another slice to its growing financial services empire, buying Merrill Lynch in a $50-billion (U.S.) deal that would create a bank offering everything from fixed-income trading to credit card lending.
It will rival Citigroup Inc., the biggest U.S. bank in terms of assets.
Bank of America Corp.
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