Bank of America saving Merrills instead?

Bank of America, Merrill Lynch In Merger Talks


By Matthew Karnitschnig, Susanne Craig and Dennis K. Berman
Word Count: 94
Bank of America and Merrill Lynch & Co. Inc. are in merger discussions, according to people familiar with the matter.

The talks come amid a Wall Street scramble to sort out a potential liquidation of Lehman Brothers Holdings Inc.

Bank of America had considered buying Lehman, but when those talks failed to result in a deal, BofA turned its attention to Merrill, which is considered a better fit for the bank.

Much remains uncertain and conditions were fluid.


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