Fermentation of the U.S. sub-prime big major changes in financial structure.

After 48 hours of intense negotiations, 94-year-old third-largest Wall Street investment bank Merrill Lynch agreed to 14 29 dollars per share, amounting to about 440 billion dollars in price to sell itself to Bank of America. .Merrill Lynch, the purchase price over $ 17.05 on Friday's closing price premium of 70%. .Sunday night the Board of Directors has approved the transaction, the transaction will be delivered to shareholders and government regulatory authorities for approval. .15 Early in the morning, the fourth largest U.S. investment bank Lehman Brothers announced bankruptcy. .15 U.S. stock market opened, the Dow fell 300 points to. .American public opinion, sub-loan crisis of the financial crisis is worsening, the U.S. financial industry will show a new pattern. .<P> Bank of America and Merrill Lynch deals quite dramatic. .Recently, the market is closely watching the troubled Wall Street's fourth-largest investment bank Lehman Brothers fate, but suddenly exposed 14 U.S. media news of Merrill Lynch to be acquired. .Public opinion, this sudden show of high-speed acquisition of financial crisis that began last year, the severity. .Crisis, Merrill Lynch taken many measures to try to self-preservation, including the mobilization of huge amounts of capital, clearing problem assets, sale of assets held by a large stake. .Measures taken so much the case, Merrill Lynch sold itself to an emergency Bank of America, apparently worried that Lehman filed for bankruptcy once they are acquired or, Merrill Lynch will be the next victim of the subprime crisis. .With nothing and die, it is better to act early to get a better purchase price. .Bank of America to buy Merrill Lynch, will become a business of a wide range of banking giant, tentacles, involving almost all aspects of the financial sector, over the credit cards, auto loans, bonds and equity underwriting, mergers and acquisitions advisory and asset management in all aspects, which will reshape the U.S. .financial sector structure. .Earlier this year, Bank of America also acquired troubled mortgage lender National Finance Corporation. .<P> 14 evening, involving the financial sector, another new development, the Federal Reserve announced several initiatives to facilitate financial institutions from the U.S. central bank to get emergency loans. .In addition, the 10 global banks and securities company officials also announced a 70 billion U.S. dollars of loan program, so that these companies use to help ease a potential credit shortage. .Market is closely watching whether the U.S. financial regulatory authorities to introduce more measures to rescue the market. .</ P>.