Merrill Mauls Morgan Stanley in Clash of U.S. Brokerages

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Aug. 30 (Bloomberg) -- In the clash of the two largest U.S. brokerages, Bank of America Corp.’s Merrill Lynch is generating more profit with fewer people than the business Morgan Stanley formed by buying a controlling stake in a venture with Citigroup Inc.’s Smith Barney. Bloomberg's Monica Bertran reports. (Source: Bloomberg)


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