Merrill Lynch • Bank of America How Bank of America Came to Own Merrill Lynch
- 4 years ago
Merrill Lynch • Bank of America
Analysts have begun to question whether Bank of America can continue to exist as it’s currently constructed. Among other issues, its 2008 acquisition of Merrill Lynch has saddled Bank of America with higher regulatory and compliance burdens compared to smaller and simpler competitors such as Wells Fargo.
Imagine owning Amazon.com (up over an insane 4,000% since 2001) when Internet sales rendered big-box retailers obsolete... Now an industry 99% of us use daily is set to implode...
Analysts have begun to question whether Bank of America can continue to exist as it’s currently constructed. Among other issues, its 2008 acquisition of Merrill Lynch has saddled Bank of America with higher regulatory and compliance burdens compared to smaller and simpler competitors such as Wells Fargo.
Imagine owning Amazon.com (up over an insane 4,000% since 2001) when Internet sales rendered big-box retailers obsolete... Now an industry 99% of us use daily is set to implode...