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You would think that sovereign wealth funds have had enough of U.S. financial firms. Some of them have taken a real bath. Recall that Singapore's Temasek invested $5 billion in Merrill Lynch eight... Read more...
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...