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<title>Merrill Lynch rebounds from 1994 scandal</title>
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<description>&#x26;#x3C;p&#x26;#x3E;Merrill Lynch, which fell from favor in California for its central role in Orange County&#x26;#x27;s historic 1994 bankruptcy, has repaired its image in the state and is now a leading competitor for the job of financing California&#x26;#x27;s unprecedented debt.&#x26;#x3C;/p&#x26;#x3E;

&#x26;#x3C;p&#x26;#x3E;Today, Merrill Lynch ranks second among the banks selling long-term bonds in California. It assisted with last year&#x26;#x27;s $11 billion in state borrowing and an earlier deal to help the struggling Los Angeles Unified School District.&#x26;#x3C;/p&#x26;#x3E;

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<author>Sac Bee</author>
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<pubDate>Thu, 22 Jan 2004 19:47:55 GMT</pubDate>
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