John Thain news from FierceFinance
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Breakingviews awards gold medals in financial Olympics
In honor of the summer Olympics, here are some medals that Breakingviews would like to see: A "shot put" medal for John Paulson: His big "put" on the subprime crisis made for a very good year. But Read more...
Merrill Lynch's deal-making prowess at issue
Merrill Lynch has been beaten up profoundly in the press. Most of the criticism has been pointed at John Thain's several pronouncements that the firm's capital Read more...
WaMu no longer in need of capital?
Thanks to Merrill Lynch's John Thain (fairly or not), people tend to be skeptical when they hear from CEOs that their bank's capital ratios look good. So what should one think of rumor-battered Read more...
John Thain strikes back
Merrill Lynch CEO is feeling some heat right. The latest source of controversy: his decision to sell Merrill Lynch's portfolio of collateralized debt obligations at 22 cents on the dollar. That has Read more...
Does John Thain have a credibility problem?
In a way, it's unfair to tar Merrill Lynch CEO John Thain with the "not credible" label. But that description has been voiced a lot this year--fairly or not. Read more...
Wachovia CEO buys shares
More CEOs need to do this: Robert Steel, newly minted CEO of troubled Wachovia, has purchased 1 million shares of Wachovia stock at a personal cost of more than $16 Read more...
Merrill Lynch's ace up its sleeve
KBW has put a value on Merrill Lynch's 49 percent stake in asset manager BlackRock: $30 to $35 billion, reports MarketWatch. This qualifies as a crown jewel in the Merrill portfolio of assets. If it Read more...
Merrill Lynch was serious about BlackRock sale
The Financial Times reports that Merrill Lynch was serious about selling its 49 percent stake in BlackRock back to the asset manager, revealing that Merrill CEO John Thain and BlackRock CEO Larry Read more...
The real value of Merrill Lynch
Merrill Lynch, trading at about $30 a share, has a market cap of about $30 billion. Breakingviews argues that Mr. Market has woefully undervalued the firm, discounting it way too much for the Read more...
Merrill Lynch's loss much worse than expected, but...
"Right now we believe we are in a very comfortable spot in terms of our capital." So said John Thain, CEO of Merrill Lynch. He was addressing skeptical analysts who Read more...