Merrill’s great escape: bankers give thanks to Thain

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Merrill’s great escape: bankers give thanks to Thain

Euphoria is too strong a word but the relief among Merrill Lynch bankers is palpable following their bank’s sale to Bank of America. That is understandable: a lot of uncertainty remains, but whatever happens, John Thain, a Merrill outsider is now a hero to Mother Merrill insiders.

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