A Bank of America Merger With Merrill Could Be Announced Tonight

It's amazing how quickly this story about the Bank of America acquisition of Merrill is happening. DealBook has some details: Bank of America is in advanced talks to buy Merrill Lynch for at least $38.25 billion in stock, people briefed on the negotiations said on Sunday, as a means to preserve that investment bank while Lehman Brothers looks likely to collapse. The move suggests a desperate...