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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...
Merrill Lynch's earnings in the spotlight
Bank earnings for the second quarter have been surprisingly strong, so far. Of course, expectations were really, really low, which helped JPMorgan Chase handily top Read more...
Merrill Lynch leaning toward sale of Bloomberg?
We've noted that top banks and brokerages are pondering all kinds of asset sales. Few will do so in an environment as trigger-happy as the one in which Merrill Lynch now exists. Speculation is heavy Read more...
More asset sales to come
With all top banks--except maybe Goldman Sachs--facing the need to raise more capital, it's a good bet we are going to see more asset sales. Read more...
Next on the hot seat: Merrill Lynch?
Things are getting a tad uncomfortable for Merrill Lynch and its erstwhile CEO John Thain, a man most everyone thought was perfect for the job. We're not talking Read more...
On Wall Street, Thomson Reuters vs. Bloomberg
There was a day when the Bloomberg wasn't the primary vendor of financial news and analytics on Wall Street. I remember back when it was a start up, squaring off against the likes of companies like Read more...