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Bank of America Bails on Merrill Lynch

Bank of America flops again about money-raising and puts Merrill Lynch, the world's largest retail brokerage, up for sale, having acquired it in a $48.7 billion stock-swap deal during the height of the financial crisis in 2008. Brokers at Merrill rejoice, and Canadian giants TD Bank Group and RBC Royal Bank take a serious look at acquiring Merrill.
- Gary Kaminsky

Photo: Getty Images