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Are record-low interest rates masking high-cost mortgage lending?

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Investments / The Ticker

Bank of America completes Merrill Lynch merger

Simplifies corporate structure

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Bank of America (BAC) announced that is has completed merging its Merrill Lynch & Co. subsidiary into Bank of America Corp.

The merger will have no effect on the Merrill Lynch name, brand, customers or clients.

Additionally, as of Oct. 1, Bank of America assumed all of Merrill Lynch & Co.'s obligations, including its outstanding U.S. and non-U.S. debt securities

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