Bank of America Merrill Lynch sees £80 billion worth deals vanish in two days

Wednesday, 28 May 2014, 6:56 pm

Dealmakers round at Bank of America Merrill Lynch must be feeling pretty sore right now.

Why? Well, rainmakers at the US investment bank have just seen about £80 billion worth of deals go up in smoke in the last 48 hours.

Bank of America Merrill Lynch was one of the lead advisers to Pfizer on its £70 billion takeover attempt of AstraZeneca but as we all know that ended on Monday when the US pharmaceutical giant decided against pursuing a formal offer for the FTSE 100 giant...

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