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Merrill Lynch enters Russia

by Anatoly Gorev

Global Research, November 21, 2007

RIA Novosti - 2007-11-19

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Merrill Lynch, a major U.S. company in the financial services industry, recently announced that it has acquired about 10% of the Trust Banking Group.

Analysts have called this deal a landmark for two reasons. First, new key player has emerged in the Russian market and, second, Merrill Lynch has come to Russia after sustaining heavy losses in the mortgage crisis in the United States and is probably looking for a quiet harbor.

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