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Article: Merrill Lynch to Launch Middle-market Commercial Finance Initiative.
- Article from:
- Business Wire
- Article date:
- January 14, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
NEW YORK--(BUSINESS WIRE)--Jan. 14, 2002
Merrill Lynch (NYSE: MER) today announced plans to launch a diversified commercial finance business serving middle-market enterprises throughout the U.S.
This business, to operate under the trade name Merrill Lynch Capital, will be a unit of Merrill Lynch Business Financial Services Inc., a wholly owned subsidiary of Merrill Lynch Bank USA.
Merrill Lynch has appointed Robert E. Radway as Managing Director and President of Merrill Lynch Capital and Michael J. Litwin as Managing Director and Chief Credit and Risk Officer. Messrs Radway and Litwin were formerly senior executives ...