Merrill's herd set to thunder again

The bank’s US business is stabilising and growing

It looked like the opportunity of a lifetime: the prospect of acquiring America’s biggest and most extensive brokerage house for about $50bn.

Amid the chaos of the sub-prime mortgage collapse and the ensuing banking crisis, Merrill Lynch was in danger of going under and the US government could not allow that to happen.

WSJ Logo
The Worst Performer in Billionaires’ Portfolios? Trophy Art.External link

The Worst Performer in Billionaires’ Portfolios? Trophy Art.