World Trade Center - Merrill Lynch and Co, Inc - Twin Towers or World Trade Center Buildings in the Vignette - 1970's dated Stock Certificate
Inv# GS1340A Stock
Vignette of New York City skyline. The original World Trade Center was a vast complex consisting of seven buildings situated in the Financial District of Lower Manhattan, New York City, United States. It was officially opened on April 4, 1973, and was destroyed in 2001 during the September 11 attacks. Upon their completion, the Twin Towers—1 World Trade Center (the North Tower) at 1,368 feet (417 m) and 2 World Trade Center (the South Tower) at 1,362 feet (415.1 m)—were recognized as the tallest buildings in the world. The complex also featured the Marriott World Trade Center (3 WTC), 4 WTC, 5 WTC, 6 WTC, and 7 WTC, totaling 13,400,000 square feet (1,240,000 m²) of office space.
The construction of the core complex occurred from 1966 to 1975, with a total investment of $400 million, which is roughly equivalent to $2.27 billion in 2021. This initiative was introduced by David Rockefeller to facilitate urban renewal in Lower Manhattan, while his brother Nelson was tasked with signing the legislation that permitted its construction. The architectural design was carried out by Minoru Yamasaki. In 1998, the Port Authority of New York and New Jersey decided to privatize the complex by leasing the buildings to a private firm for management, ultimately granting the lease to Silverstein Properties in July 2001. Over the years, the World Trade Center became a symbol of globalization and America's economic power. Although it initially faced criticism from the public and design professionals, the Twin Towers eventually became an iconic symbol of New York City, featuring prominently in popular culture with appearances in approximately 472 films. Furthermore, the Twin Towers were the location of Philippe Petit's famous tightrope-walking act on August 7, 1974. Following the September 11 attacks, references to the complex in various media were altered or eliminated, resulting in the production of numerous 'memorial films.’
Merrill, formally recognized as Merrill Lynch, Pierce, Fenner & Smith Incorporated and previously known as Merrill Lynch, serves as the investment and wealth management sector of Bank of America in the United States. Alongside BofA Securities, which functions as the investment banking arm, both organizations engage in prime brokerage and broker-dealer services. The firm is headquartered in New York City and formerly occupied all 34 floors of 250 Vesey Street within the Brookfield Place complex in Manhattan. Merrill employs over 14,000 financial advisors and manages $2.3 trillion in client assets. Furthermore, the company operates Merrill Edge, an electronic trading platform. Prior to 2009, the firm was publicly listed on the New York Stock Exchange. On September 14, 2008, amid the height of the 2007–2008 financial crisis, Merrill Lynch & Co. consented to be acquired by Bank of America, coinciding with the collapse of Lehman Brothers. The acquisition was completed in January 2009, and in October 2013, Merrill Lynch & Co., Inc. was merged into Bank of America Corporation, with certain subsidiaries retaining the Merrill Lynch designation, including the broker-dealer Merrill Lynch, Pierce, Fenner & Smith. In 2019, Bank of America rebranded this division as 'Merrill.'
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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