Multiple choice

Which of the following banks bought investment bank Merrill Lynch?

  1. Bank of America

  2. Axis Bank

  3. State Bank of India

  4. ICICI Bank
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A Correct answer
Explanation

Bank of America acquired Merrill Lynch in September 2008 during the financial crisis. The deal was worth approximately $50 billion and was brokered by the federal government to prevent Merrill Lynch's collapse. This was one of the major events of the 2008 financial crisis.

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