Banking, finance, and taxes

Bank Of America (BAC) In Talks To Buy Merrill Lynch (MER)

MerrillConvinced that a Lehman (LEH) Chapter 11 could cause huge losses for other large financial institutions, the weakest players have become desperate to find partners or buyers. According to The Wall Street Journal, Merrill Lynch (MER), its shares pulled into the whirlpool by problems at Lehman, in talks to be bought by Bank of America (BAC).

Before the month is over, several weak companies from Merrill to Washington Mutual (MW) may not longer exist as independent entities.

Douglas A. McIntyre

Want to Retire Early? Start Here (Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.