Merrill (MER) Brokers Urge Pimco to Buy Back Auction-Rate Securities -Bloomberg
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Bloomberg is reporting that brokers at Merrill Lynch (NYSE: MER) have called on BlackRock (NYSE: BLK) to redeem auction rate debt. Also, Merrill brokers are urging Pimco to buy back auction rate securities. These requests were made in e-mails from Merill's brokers to Pimco and Blackrock.
Merrill Lynch & Co., Inc., together with its subsidiaries, provides investment, financing, insurance, and related services to individuals and institutions worldwide.
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