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Merrill Lynch is now the investment banking1 and wealth management arm of Bank of America (B of A). It was a publicly owned company before it was bought by B of A in 2009. What had been Merrill Lynch & Co., Inc suffered badly in the 2008 global financial crisis and had to be rescued. The company was founded on Wall Street, New York in 1914 by Charles E. Merrill and Edmund C. Lynch. They made many clever investments to build their reputation as investment bankers. It later expanded into financial services, insurance and investment management. Its 20,000 brokers2 were so powerful in global finance they became known as the “thundering herd” – a reference to the bull in its logo. The company has 60,000 employees. The ML.com website outlines the firm’s success: “Working with our clients as strategic partners, we create and execute winning solutions.”
1 banking | |
n.银行业,银行学,金融业 | |
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2 brokers | |
n.(股票、外币等)经纪人( broker的名词复数 );中间人;代理商;(订合同的)中人v.做掮客(或中人等)( broker的第三人称单数 );作为权力经纪人进行谈判;以中间人等身份安排… | |
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