Merrill's herd set to thunder again

The bank’s US business is stabilising and growing

It looked like the opportunity of a lifetime: the prospect of acquiring America’s biggest and most extensive brokerage house for about $50bn.

Amid the chaos of the sub-prime mortgage collapse and the ensuing banking crisis, Merrill Lynch was in danger of going under and the US government could not allow that to happen.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached