Banks join forces for online business

Leveraging on each otherÆs strengths, the new company, provisionally called Merrill Lynch HSBC, will aim its services at consumers who prefer to make their own decisions about where to invest.áCustomers will have a deposit account with Merrill Lynch HSBC through which they will be able to invest in various products, including stocks, bonds, mutual funds, unit trusts, and locally tax-efficient products. Customers will also earn interest on the same account and be able to access it via cheques, charge cards, wire transfers or AT...