Merrill's Asia employees on firm ground

Merrill Lynch in Asia is complementary to Bank of America's existing franchise, suggesting bankers in Asia could be in a safer position than counterparts elsewhere.

The Bank of America-Merrill Lynch combine is forecasting $7 billion of pre-tax cost savings over the next four years, representing 10% of the annualised expense base of the merged entity. What does this mean for Merrill's people in Asia

On a post-merger call posted on www.seekingalpha.com, Bank of America CFO Joe Price presented the $7 billion cost reduction forecast to analysts, saying ├┤The savings would be centred in the areas you would expect with headcount reductions across both platforms including...

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