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Investment Bank of the Week: Bank of America Merrill Lynch

The US bank completed a £1.6 billion hat-trick this week by placing the final slug of Lloyds Banking Group shares in St James’s Place, the wealth adviser

Bank of America Merrill Lynch completed a £1.6 billion hat-trick this week by placing the final slug of Lloyds Banking Group's shares in St James’s Place, the wealth adviser.

The US bank placed £680 million of shares on Monday night at 630p per share.

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