Merrill aims products at Europe’s ultra rich

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From Archive 03 May 2004

By PWM Editor

The closure of some European operations is part of Merrill Lynch’s emphasis on cost reduction and product sales, but clients also require long-term commitment.
Merrill Lynch, which recently pulled out of the German onshore private banking market, recently announced record quarterly earnings. Crucially, it is these cuts and efficiency measures, part of an ongoing reorganisation, which are driving the bank’s performance.

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Merrill aims products at Europe’s ultra rich

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