Merrill Lynch Credit Company Description
Merrill Lynch Credit Corporation is the home financing arm of US investment bank Merrill Lynch. A subsidiary of federal savings bank Merrill Lynch Bank & Trust, it offers a variety of residential mortgages, home equity loans, and construction-to-permanent financing for homebuyers and homeowners throughout the US. It also offers services to companies looking to attract and retain employees by offering corporate-sponsored relocations and retention programs. Done in by the global credit crisis and losses related to subprime mortgage assets, Merrill Lynch was taken over by Bank of America in a $50 billion deal in early 2009.
View the Comprehensive Company Description for Merrill Lynch Credit
The Company Description provides a historical perspective of Merrill Lynch Credit's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Merrill Lynch Credit's evolution in the marketplace.
