BofA Plans to Dissolve Merrill Lynch Subsidiary

Aug. 16 (Bloomberg) -- Bank of America Corp., the second-biggest U.S. lender, plans to merge its Merrill Lynch subsidiary into the parent company to reduce complexity and costs. The move could happen as early as the fourth quarter and means Charlotte, North Carolina-based Bank of America assumes all the investment bank’s obligations and debt, Merrill Lynch said in an Aug. 2 filing. Michael Moore reports on Bloomberg Television's "Market Makers." (Source: Bloomberg)
Inflation in Japan Vanishes as Consumer Prices Unchanged
19:49 - The Bank of Japan’s key inflation gauge slumped to zero for a third time this year, as tumbling energy prices counter Governor Haruhiko Kuroda’s effort to reflate the world’s third-biggest economy. Bloomberg's Shery Ahn reports on "First Up." (Source: Bloomberg)
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