Always Bet On The Hermès Ties


	Always Bet On The Hermès Ties

Forbes Markets

1-29-2009 1:24 PM

820 views

tags:

m&a, banking, merrill lynch, bank of america

Forbes Markets says:

Rob Cox gives a history lesson of why it is the investment bankers who usually come out on top in banking marriages no matter how good or bad the deal is, and the Merrill-BofA one doesn't look so great.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/25a94aa8-78b4-4e51-ae8a-30cefadb650f/66DAD51F-CDCB-4581-897A-C23BA32B38D5/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.breakingviews.com/2009/01/22/Bank%20mergers.aspx?sg=nytimes" href="http://www.breakingviews.com/2009/01/22/Bank%20mergers.aspx?sg=nytimes" style="font-size: 11px;">www.breakingviews.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.breakingviews.com/2009/01/22/Bank%20mergers.aspx?sg=nytimes"><DIV>
		<STRONG xmlns:bvaccess="http://www.sitecore.net/bvaccess">BofA ignored history: 
      </STRONG>The history of finance is littered with disastrous tales of commercial banks acquiring their Wall Street brethren. In good times, the investment bankers with their Hermès ties often sell high, then wave goodbye to their unglamorous new owners. Merrill Lynch’s snookering of Bank of America is shaping up to show it’s no different in bad times. </DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/66DAD51F-CDCB-4581-897A-C23BA32B38D5/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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