Merrill has been actively building its banking unit but could get a big boost by purchasing a commercial bank.
Under the asset purchasing programme the central bank buys bonds in order to keep the long-term cost of borrowing down.
Already, investors have approached Mr. Sturzenegger about purchasing pools of leased properties from Bank of America.
Although the deterioration in the Scottish economy over the summer has been stemmed, the Bank's monthly Purchasing Managers Index (PMI) report said this amounted to very little change in the Scottish economy.
Inflows of foreign capital have pushed up the leu against the dollar, restoring some of Romanians' lost purchasing power and prompting the central bank to sell the currency lest it rise too much, choking off exports.
The Bank of Scotland's purchasing managers index (PMI) said activity in Scotland's private sector economy expanded at a solid pace.
BBC: Scottish business going through soft patch, says survey
The Bank of Scotland's Purchasing Managers' Index for August, just published, looks "solid", or even "robust", if you're looking at manufacturing.
On Tuesday the U.S. central bank said it would begin purchasing the short-term corporate debt known as commercial paper from American issuers.
It is that trend that has led the European Central Bank to expand its bond purchasing to the debt of Italy and Spain in recent months.
FORBES: Moody's Downgrades Italy, Warns Of 'Material Increase' In Funding Risks
And recently, the company announced additional layoffs to the 800 already--about 1, 250 more at RBS Citizens over the next couple of years, mostly in the bank's technology, purchasing and property services division.
One greenback buys around 45 rupees on the foreign-exchange market, but that amount stretches three times as far in India as it does in America, according to the World Bank's comparisons of purchasing power.
Were donor agencies fully to comply with this requirement and transact their aid at the official rate, around 90% of the value of their aid would be captured by the central bank, which would be purchasing the aid dollars at around a tenth of their value.
Here it should also be said that thanks to the Internet, ATMs, and self-checkout stands at grocery stores, most of us never deal with a live human being when purchasing airline tickets, going to the bank, or when buying ground beef, the cost of which has soared under the Bernanke dollar.
Some analysts say they expect the bank to expand its asset-purchasing program and set an inflation target.
The Bank of Scotland's latest Purchasing Managers' Index (PMI) suggested a second successive monthly drop in new business orders.
The World Bank estimates that, in terms of purchasing power, India could have the fourth largest economy in the world by 2020.
But in its statement after its monetary-policy meeting in late June and in testimony to Congress by Alan Greenspan, its chairman, last month, the central bank played down the likelihood of its purchasing long-term bonds.
Reading analyst reports full of charts and graphics on iRex's pretty screen, you can imagine a law firm or investment bank (those that still exist) purchasing several hundred of the devices for its executives, as iRex hopes.
The Bank of Japan is being highly unorthodox, as it has allowed for the possibility of purchasing commercial paper, exchange-traded funds and even real estate investment trusts, something no central bank in a major economy has been doing.
Purchasing by the ECB and a newly minted ESM bank will end the recapitalization death spiral experienced by banks and sovereigns additional purchases in the secondary market by the ECB will effectively cap bond prices due to its ability to print, investors would stop selling sovereign bonds because a floor would be in place all without having to purchase any bonds and mitigating potential crisis.
In Japan, a fall in the consumer-price index, to 0.1% in May, also helped sentiment Friday, as it increased hopes that the Bank of Japan might expand its asset-purchasing program when it meets in mid-July.
This leading investment and commercial bank, one of the top two or three in the world on some measures which employs 11, 000 in London, is purchasing the not-so-old former Lehman HQ at 25 Bank Street as its new European investment banking HQ.
But the ECB is prevented both by its own constitution and by the passionately held views of the Bundesbank - the German central bank and the ECB's most influential shareholder - from purchasing substantially more than that.
The findings come from Swiss bank UBS' "Price and Earnings" survey that looks at purchasing power in 73 global cities.
The central bank appears to be committing to the same pace of Japanese government bonds purchasing next year despite doubling its inflation target!
Likewise, an increase in the value of the dollar against another currency likely indicates that the central bank of the other country is lowering real interest rates and diluting the purchasing power of that currency at a greater pace than the Fed.
World Bank research shows that more than 40 percent of healthcare spending in China goes to purchasing medicine, a disproportionately high amount compared to other countries.
FORBES: Will the Chinese Government Be Able to Manage the Future?
Note that the European Central Bank rode to the rescue of the European Union periphery by printing tons of money and by purchasing the debt of the above named countries.
In 2008 the World Bank rated it the third richest country in the world, in terms of GDP per head at purchasing-power parity.
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