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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: Merrill Lynch

Merrill Lynch stories: 155 news summaries

61 - 80 of 155 Stories | << Prev 1 2 3 4 5 6 7 8 Next >>

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OPINION

 New Wall Street: Less Risk, Less Innovation, Lower Pay

Era of investment banks ends

Sep 23, 08 1:49 PM CDT
(Newser) - When Goldman Sachs and Morgan Stanley ditched the investment banking model, it didn’t just mark the end of an era, it marked the end of Wall Street as we know it, the Wall Street Journal declares in an editorial today. And with investment banks gone, the US financial... More »

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Wall Street • Bank of America • Goldman Sachs • Morgan Stanley • Bear Stearns • Merrill Lynch • Lehman Brothers • investment banks

Hedge Funds Poised to Profit as Banks Shun Risk

Private equity eyes trading territory ceded by changes at Goldman, Morgan Stanley

Sep 23, 08 1:05 PM CDT
(Newser) - With the last two large US investment banks going commercial in an effort to stay afloat, private-equity and hedge funds are stepping into the void, the Wall Street Journal reports. Taking on roles previously filled by the likes of Goldman Sachs and Morgan Stanley, hedge funds like Citadel and private-equity... More »

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Blackstone Group • Goldman Sachs • Merrill Lynch • Lehman Brothers • Citadel Investment Group • market turmoil • investment banks • hedge funds

OPINION

After Meltdown, 'Safe Will Be the New Sexy': Cramer

'Good, clean, old-fashioned banking' is coming back in US markets

Sep 22, 08 11:06 AM CDT
(Newser) - A new era has arrived on Wall Street, with the big investment firms falling, James Cramer writes in New York, and traditional banks with large deposit bases looking like the smartest option all along. “We’ll see a more chaste culture emerge from all of this, on Wall Street,... More »

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Wall Street • Bear Stearns • Merrill Lynch • Lehman Brothers • Jim Cramer • bank failure • American International Group • economy • Hudson City Bancorp • financial crisis

(Newser) - Goldman Sachs and Morgan Stanley, the nation's last two major independent investment banks, have gotten permission to become bank holding companies, the Federal Reserve said tonight. A fundamental rearrangement of Wall Street, the move will allow them to create commercial banks, which would bolster their resources, while inviting increased regulation.... More »

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Goldman Sachs • Morgan Stanley • Bear Stearns • Merrill Lynch • Lehman Brothers • investment banks • JPMorgan Chase • financial crisis

(Newser) - The financial world has been rocked to its foundations in a few short days, with a handful of men making momentous decisions. The Wall Street Journal outlines the key players.
  • Henry Paulson. No Treasury chief has wielded such power. He decides whether big firms live or die via federal
... More »

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Wall Street • Bank of America • Henry Paulson • Merrill Lynch • Kenneth D. Lewis • John Thain • Richard Fuld • financial crisis

ANALYSIS

Thain Made
Most of Merrill's Ugly Position

CEO proved wiser than Wall St. colleagues,
has $50B to show for it

Sep 16, 08 2:34 PM CDT
(Newser) - As the credit market self-destructed, Merrill Lynch and Lehman Brothers faced similar problems. The difference, Henry Blodget writes in Slate, is that Merrill’s John Thain played his cards right, and Lehman’s Dick Fuld didn’t. Brought in to clean house after Stan O’Neal’s high-risk strategy exploded,... More »

MORE ABOUT:
Merrill Lynch • Lehman Brothers • John Thain • Richard Fuld

ANALYSIS

 Denial Exacerbated Meltdown 

Banks, like homeowners, refused to believe how bad things really are

Sep 16, 08 1:04 PM CDT
(Newser) - The collapse of Lehman Brothers and the fire sale of Merrill Lynch are stunning developments, Joe Nocera writes in the New York Times, as is the fact Goldman Sachs and Morgan Stanley are the only big investment banks standing. But the turmoil isn’t simply the result of complex trading... More »

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Goldman Sachs • Morgan Stanley • Merrill Lynch • Lehman Brothers • mortgage debt • banking • subprime crisis • investment banks

analysis

Both Campaigns See Risk, Reward in Wobbly Wall Street

Neither candidate is solid on market crisis, but each can spin it to his strengths

Sep 16, 08 12:02 PM CDT
(Newser) - Wall Street’s troubles pose a challenge for both candidates, though because his party hasn’t held the White House for nearly 8 years, Barack Obama has a slight leg up, writes Gerald Seib in the Wall Street Journal. Neither ticket has a strong market background, with John McCain more... More »

MORE ABOUT:
Barack Obama • John McCain • Wall Street • Merrill Lynch • Lehman Brothers • presidential candidates • Election 2008 • campaign tactics

 New York, New York,
That Teetering Town

Masters of Universe tighten their belts as Wall Street quakes

Sep 16, 08 4:36 AM CDT
(Newser) - Amid the financial fallout, even Manhattan's wealthiest consumers are beginning to curb their spending, Reuters reports. Wall Street tremors and belt-tightening by the rich are bound to hit New York City especially hard, and will rock stores, restaurants—and even charities. "We still have not hit the bottom of... More »

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Wall Street • Merrill Lynch • Lehman Brothers • American Red Cross • American International Group • Great Depression • Forbes magazine • Matthew Miller • New York State Restaurant Association • LuxCouture • Blue Star Jets • Association of Corporate Contribution Professionals

MARKETS

 Dow Ends Ugly Day Down 504 

Lehman bankruptcy swamps week's first trading day

Sep 15, 08 3:26 PM CDT
(Newser) - After a midday lull, stocks plummeted again late today as traders adjusted to the failure of Lehman Brothers and the acquisition of Merrill Lynch by Bank of America, Bloomberg reports. Lehman’s stock alone was down 94.9%. The Dow fell 504.48 to 10,917.51. The S&P... More »

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Dow Jones • Merrill Lynch • Lehman Brothers • Nasdaq • AIG • S&P 500 • financial crisis

MARKETS

 After Big Drop, Stocks Hold 

Dow takes 300-point tumble early, but market remaining stable

Sep 15, 08 11:51 AM CDT
(Newser) - Stocks have taken a beating today, with the Dow off more than 300 points early, the Wall Street Journal reports, but there’s been a noticeable lack of panic among traders. If the current loss holds steady, it will represent just the sixth-worst day this year, despite the massive upheaval... More »

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Dow Jones • Merrill Lynch • Lehman Brothers • markets • AIG • financial sector • S&P 500 • financial crisis

ANALYSIS

Bank of America CEO Lands His Biggest Fish Yet

Merrill bid puts bold Lewis over $150B in acquisitions

Sep 15, 08 10:29 AM CDT
(Newser) - Like predecessor Hugh McColl, Bank of America CEO Kenneth Lewis loves enormous deals. His 7-year reign has seen flashy conquests adding up to more than $150 billion, but never has he bagged a bigger trophy than Merrill Lynch, Reuters reports. The deal should fulfill Lewis’ oft-frustrated ambition to make BofA,... More »

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Bank of America • mergers and acquisitions • Merrill Lynch • Countrywide Financial • Kenneth Lewis

European
Banks Loosen Purse Strings

Inject billions into markets; offer more
to keep crisis at bay

Sep 15, 08 10:02 AM CDT
(Newser) - The weekend’s storm on Wall Street has prompted Europe’s central bankers to make billions of dollars available on the cheap to global money markets as a levee against a rising flood of fresh turmoil, the New York Times reports. The European Central Bank has pledged $43 billion and... More »

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Merrill Lynch • Lehman Brothers • European Central Bank • Bank of England • Swiss National Bank • financial crisis

analysis

Markdown Sparked Lehman Meltdown; More to Come

Other firms could follow suit, meaning widespread losses

Sep 15, 08 9:38 AM CDT
(Newser) - What caused two venerable investment banks to implode this weekend, and how much more damage can we expect? It started when Lehman Bros. surprised markets by slashing the valuation of its mortgage holdings last week, making downward revisions so steep that "even longtime bears on the stock thought the... More »

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Merrill Lynch • Lehman Brothers • AIG • writedowns • subprime crisis • financial crisis

OPINION

Wall Street Rumbling Means Little on Main Street

Financial meltdown has small effect on 'real economy': Kaletsky

Sep 15, 08 9:29 AM CDT
(Newser) - Fannie and Freddie have been nationalized, Lehman has collapsed, Merrill Lynch has been bought out—an economic disaster, right? Not really, Anatole Kaletsky writes in the Times of London: The US economy is actually showing signs of improvement. More than ever, "there is no contradiction between expecting a recovery,... More »

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Merrill Lynch • financial markets • Lehman Brothers • Freddie Mac • Fannie Mae • credit market • investment banks • real economy

MARKETS

 Stocks Plunge at Open 

AIG, Lehman take huge hits, but Merrill takeover stabilizes market slightly

Sep 15, 08 9:09 AM CDT
(Newser) - Stocks tumbled at the opening bell this morning, with the Dow dropping more than 300 points after a weekend that turned the financial industry on its head. Lehman Brothers’ collapse and AIG’s request for $40 billion from the Federal Reserve “are causing a major financial panic this morning,... More »

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Dow Jones • Merrill Lynch • Lehman Brothers • markets • AIG • financial crisis

 Lehman Files 
 Biggest Chapter 11 Ever 

Bankruptcy sends shockwaves through financial world

Sep 15, 08 7:42 AM CDT
(Newser) - Lehman Brothers gasped its last breath this morning, filing for Chapter 11 protection in Manhattan under a crushing $613 billion in debt, the largest—and potentially most frightening—bankruptcy in US history, reports Bloomberg. Experts say the filing is likely to trigger a domino effect in the US economy. More »

MORE ABOUT:
Bank of America • Barclays • bankruptcy • Merrill Lynch • Lehman Brothers • Richard Fuld

ANALYSIS

Still Standing, Morgan Stanley, Goldman Face Bleak Times

Survivors will need to belatedly downsize

Sep 15, 08 6:27 AM CDT
(Newser) - With Bank of America buying Merrill Lynch, and Lehman brothers heading into Chapter 11, Goldman Sachs and Morgan Stanley are the last major independent investment banks standing on Wall Street. But having survived as the fittest doesn't guarantee an easy ride, reports the Wall Street Journal, as both will have... More »

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Bank of America • Goldman Sachs • Morgan Stanley • Merrill Lynch • Lehman Brothers

 10 Banks Form 
 $70B Fund to 
 Stave Off Crash 

Paulson brokers twin public-private liquidity measures

Sep 15, 08 5:27 AM CDT
(Newser) - Ten of the world's largest banks have formed a massive liquidity fund to mitigate the effects of the Lehman Brothers meltdown, reports the Financial Times. All the investment banks will be able to borrow up to a third of the $70 billion fund in order to reduce volatility and stay... More »

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Wall Street • Citigroup • Bank of America • Barclays • Goldman Sachs • Federal Reserve • Credit Suisse • Henry Paulson • Morgan Stanley • Deutsche Bank • UBS • Merrill Lynch • funds • Lehman Brothers • liquidity • investment banks • JPMorgan Chase

Staggering Wall Street Job Market Takes Another Big Hit

Banks' collapse means loss of 50,000 more jobs

Sep 15, 08 4:56 AM CDT
(Newser) - A Wall Street job market that’s already hemorrhaged 100,000 jobs this year now must steel for the loss of 50,000 more as Lehman Brothers and Merrill Lynch—two of its four pillars—tumble at once. “The resume flow will start today like there's no tomorrow,”... More »

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Wall Street • Merrill Lynch • Lehman Brothers • job market

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