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Formed in 1914 Public in 1971, trading on NYSE One of the largest stand alone investment banks in the world 2008 Financial crisis On the verge of collapse, saved from bankruptcy by Bank of America Now a investment banking and wealth management division of Bank of America
2007 saw the start of the collapse: 2007 revenue of revenue in 2006 Net loss $8 billion Great concern for Merill Lynch looking forward
5 largest stand-alone investments banks Merrill Lynch Goldman Sachs Morgan Stanley Lehman Brothers Bear Stearns
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