George, an Ivy-educated pseudonymous banker working as an analyst at Merrill Lynch, describes how he found out about Bank of America's buyout of Merrill:
"I was shocked. I was screaming.
One of my friends at Bank of America texted me, 'Hey, we might be buying you guys.'
I was in denial. You see, Merrill has a much better repuation than a commercial bank like Bank of America. I was shocked I would be joining a lower-tier commercial bank. There's a feeling, 'I didn't go through this whole interview process to work at a commercial bank."
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