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.”
— Justin of Vizionkc