City and Wall St Brace for More Shocks ; Boa Swoops for Merrill in a [Pounds]28bn Deal
Evening Standard - London › September 15, 2008
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Summary
CREDIT CRUNCH
BANK of America's $50 billion ([pounds]28 billion) early-morning takeover of Wall Street investment bank Merrill Lynch creates the world's biggest financial services group.See the full content of this document
Extract
City and Wall St Brace for More Shocks ; Boa Swoops for Merrill in a [Pounds]28bn Deal
It is a major coup for BoA chief executive Ken Lewis, who until late on Saturday was the front-runner to take over Lehman Brothers in the most turbulent week...
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