Merrill Plans to Open Despite Being Displaced
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Merrill Lynch & Co., the No. 1 U.S. brokerage, said Sunday that it was preparing to open for business today despite being displaced from its headquarters near the World Trade Center site.
Debt and equity traders have been moved to alternative locations, Merrill said. Financial advisors and fund management staff who worked in the headquarters complex are set up to serve clients at locations throughout New York, New Jersey and Connecticut, the firm said.
Merrill estimated it could take as long as three months to return to the two main buildings it occupied near the World Trade Center.
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