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Sale of Wealth Management Businesses
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3 Months Ended | ||||||
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Mar. 31, 2013
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| Sale of International Wealth Management Businesses [Abstract] | |||||||
| Sale of International Wealth Management Businesses |
In 2012, Merrill Lynch entered into agreements to sell its International Wealth Management ("IWM") business based outside of the U.S., subject to regulatory approval in multiple jurisdictions, and the first of a series of closings occurred in February 2013. During the three months ended March 31, 2013, Merrill Lynch recorded a loss of approximately $80 million associated with certain initial costs incurred with the sale of the IWM business.
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- Definition
SaleofInternationalWealthManagementBusinesses [Text Block] No definition available.
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