Merrill to concentrate on institutional clients

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CANADA - Merrill Lynch has revealed plans to focus solely on its institutional and corporate activities in Canada in that country after it sealed a deal with CIBC to hive off its private client businesses there.

Merrill has reached an agreement with CIBC to sell its Canadian private client and asset management businesses - Merrill Lynch's International Private Client Group (IPCG) and part of Merrill Lynch ...

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