Finally, a broad-based recovery of the EU economy Until last year, the economic recovery following the financial crisis was rather disappointing – and that despite extensive monetary easing by the European Central Bank. Entering the second half of 2017, however, growth momentum began.
Discussions regarding the possible Termination of Agreement to acquire Merrill Lynch On December 17, 2008, senior management of Bank of America informed the Federal Reserve for the first time that, because of significant losses at Merrill Lynch for the fourth quarter of 2008, Bank of America was considering not closing the Merrill Lynch acquisition.