Southpaw: BofA Merrill follows the money
Bank of America Merrill Lynch deserves plaudits for the rebound in its global standing in 2010, but the US bank needs to make sure it has the right scale in Europe. As David Rothnie points out, Goldman Sachs remains the benchmark.
Two years on from the shotgun marriage and Bank of America Merrill Lynch has the fastest growing global investment banking business.
That is one way of looking at the third quarter rankings, which show the firms global share of revenues from debt and equity capital markets and advisory has
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