Wednesday, August 29, 2012


Sale of Merrill Lynch became the myth end about omnipotence of investment banks. After all as the buyer the usual commercial retail bank acted. It appeared that similar structures are less susceptible to crisis in comparison with such investment banks, as Merrill Lynch. Though Bank of America too suffered from crisis - its losses made 3 billion dollars. But also sale - yet the end. On December 12 Bank of America reported that will be compelled to dismiss 30-35 thousand employees of Merrill Lynch within three next years. These are 11,4 % of all employees of bank. As counted up the management, the economy from this reduction should make 7 billion annually. Now in Bank of America 247 thousand people work., from them 61 thousand people - the personnel of the former Merrill Lynch.

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