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Merrill Lynch, Deutsche Bank and Goldman Sachs settle bond dispute

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22nd August 2008, 10:40

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Merrill Lynch, Deutsche Bank and Goldman Sachs settle bond dispute

Andrew Cuomo, the New York attorney-general, last night secured financial settlements from Merrill Lynch, Deutsche Bank and Goldman Sachs, whereby the investment banks have agreed to buy back $15 billion ($£8 billion) of bonds they sold to the American state.

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