The stockbroker introduces a financial shopping mall
Merrill Lynch & Co.'s thundering herd is off in search of greener pastures, and threatening to trample everything in its path. Not content to be the nation's largest stockbroker, the company is pawing its way into a variety of businesses, from real estate to insurance. The goal: to provide clients with a shopping mall of financial services.
The company seeks a piece of virtually every financial transaction a client makes. With Merrill Lynch's Cash Management Account, a customer can now use a VISA card or personal check against his investment account. As a member of its...
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