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)

Mirae's 'Maslov' Strategy Eyes Asia's Hierarchy of Needs
53:10 - Rahul Chadha, co-chief investment officer at Mirae Asset Global Investments, talks about his strategy in Asia. He speaks with Rishaad Salamat on Bloomberg Television's "Trending Business." (Source: Bloomberg)
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