Merrill Lynch & Co. is basically into the finance sector. It has many branches in the world wide, providing investment opportunities and financial insurance, and related services to the individuals and the institutions through out the world with the help of its brokers, dealers, banking and other financial service on a low cost.
The Company's operations are organized into two business segments: Global Markets and Investment Banking (GMI) and Global Wealth Management (GWM). If we go into detail study then GMI provides global market and original products and its services to corporate, institutions, government client around the world.
On other hand GWM invents new investment opportunities and not only this but also give out this investment products and services for individuals, small and medium size businesses, and employee benefit plans.
One can notify the growth of the company when on September 21, 2007, the Company acquired First Republic Bank. In July 2008, the Company announced the completion of the sale of its 20% interest in Bloomberg, L.P. to Bloomberg Inc.
