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BofA Said to Abandon Market-Making Unit Amid Industry Scrutiny

Traders Magazine Online News, May 23, 2014

Sam Mamudi and Hugh Son

Bank of America Corp. is dismantling an electronic market-making unit created last year to serve the lenderís Merrill Lynch wealth-management division, said two people with knowledge of the decision. The reported move comes a day after Goldman Sachs sold its own market making unit.

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