Bank of America + Merrill Lynch = Citi Group

Huge news.  It looks like Bank of America is in talks with Merrill.  The combination of these two companies  would result in a financial institution nearly as large as Citi group.

“Charlotte-based Bank of America (BAC) has the most deposits of any U.S. bank, while Merrill Lynch (MER) is the world’s largest brokerage. A combination of the two would create a global banking giant to rival Citigroup, the biggest U.S. bank in terms of assets.”

Read The Whole Article Here.

vizionkc.com

— Justin of Vizionkc

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