During “Lehman weekend” in September 2008, as the global financial system appeared at risk of drowning under the weight of its own debt, Bank of America threw Merrill Lynch a lifeline, purchasing the storied, yet failing, brokerage and investment bank. CEO Brian Moynihan remembers it as if it were yesterday.
“It happened in a time of great tumult,” he recalls, “but the thing that was unique and that has turned out to be incredibly important for our strategy is having the 10,000-plus Merrill Lynch advisors combine with our…
