Merrill Lynch's (MER) Market-Cap Falls Below BlackRock's
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With shares of Merrill Lynch (NYSE: MER) down another 11% today, its market cap is now lower than BlackRock, Inc. (NYSE: BLK), a company it owns 50% of.
The pressure in Merrill Lynch has been related to the fall of Lehman (NYSE: LEH). Merrill is considered the next weakest link in investment banking due to to its bloated balance sheet.
The pressure in Merrill Lynch has been related to the fall of Lehman (NYSE: LEH). Merrill is considered the next weakest link in investment banking due to to its bloated balance sheet.
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