Merrill Lynch besting Morgan Stanley

 

Merrill Lynch besting Morgan Stanley

12:26:38 | 06/09/2010 - Source: SF Gate

In the clash of the two largest U.S. brokerages, Bank of America Corp.'s Merrill Lynch is generating more profit with fewer people than the business Morgan Stanley formed by buying a controlling stake in a venture with Citigroup Inc.'s Smith Barney.

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