Bank of America Merrill Lynch seems to be defying the industry-wide viewpoint that big financial institutions are going to be broken up. It has launched a plan of attack that involves the firm getting much larger and more complex. Chief executive Brian Moynihan is shooting for being a global force in corporate banking and investment banking and has his next-level-down business heads hiring anyone who can bring in clients in those businesses.
He is ensuring Merrill Lynch’s thundering herd of private-client...
