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.

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U.S.’s Biggest Asian Allies Ready Last-Ditch Trade Appeal to TrumpExternal link

U.S.’s Biggest Asian Allies Ready Last-Ditch Trade Appeal to Trump