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Ten signs of insolvency
The warning signs were all there, first identified by the partner in a firm that cleaned up after the corporate excesses of the '80s, and dusted off today in Australia's Sunday Mail. " 1. A company Mercedes-Benz... Bank of America to Cut 35,000 Jobs by 2011
NEW YORK - Bank of America said yesterday taht it will eliminate 3,000 jobs over the next three years, as it faces a deteriorating economic environment and tries to absorb Merrill Lynch & Co. An announcement... Merrill, BofA Shareholders Approve the Combination
The Shareholders of both Merrill Lynch & Co. and Bank of America have approved the sale of Merrill to Bank of America, this friday Dec, 5. This will in turn create the U.S. largest financial-services firm.... Crude Oil below $25 - Prediction
According to predictions from Merrill Lynch & Co. crude oil is expected to drop below $25 a barrel. Definetly news which oil/energy companies are not going to be very happy about. What do you think about... Bank of America is Not Backing Out
"Bank of America Corp. Chief Executive Officer Kenneth Lewis said the bank's takeover of Merrill Lynch & Co. will be completed by the end of the year. "Lewis reaffirms Bank of America is buying Merrill... The Case Of The “Disappeared” Minority Subprime Borrower
Minorities, the target of Subprime Loans, are now the major losers. A disaster that effects us all. See the report: "Foreclosed: State of the Dream 2008 – examines the racial bias of the subprime mortgage lending crisis, and the resulting huge wealth loss to people of color...Fed holds fresh AIG crisis talks
How many regulators does it take to stop a domino from falling? We'll see..."US authorities were on Monday fighting a fresh fire in the crisis on Wall Street, throwing a $20bn lifeline to AIG while convening... Lehman Bros., Merrill-Lynch and More Financial Round-Up
A volatile mix of bankruptcy notices and buyouts from some of the most well-established investment banks and insurance companies in the world this morning led to widespread market crashes across the globe....
created by Rob Walker | 3 years ago | updated 3 years ago
344 views | 24 recommendations | 4 comments
344 views | 24 recommendations | 4 comments
This just has to be a great week for gold and silver! « Peter J. Cooper’s ...
"It looks like the financial crisis will claim its first big victim this week in the shape of Lehman Brothers, unless ‘a miracle occurs’ in the words of one observer. Meanwhile, shares in Merrill Lynch plunged 50 per cent last week on fears over its viability; American... MERRILL LYNCH: US Sub-Prime Gambling Debts Paid for by British Tax Payer for ...
" The US subprime market is a global event and threatens to undermine tax revenues of governments across the world. Merrill Lynch has run up a $29bn loss from its collateralized debt obligations, which are...
created by The Anglo American | 3 years ago | updated 3 years ago
245 views | 11 recommendations | 6 comments
245 views | 11 recommendations | 6 comments
MERRILL LYNCH Gambling Debts Cost British Tax Payer for Next 60 Years.
" UPDATE : Merrill Lynch pays $162 million in fines to New York city for misleading investors with their auction rate securities. As part of the agreement with Andrew Cuomo, New York’s attorney-general, the bank will buy back the debt instuments... Merrill Lynch pays no corporation tax for the next 60 years, why?
Well they lived the business of selling sub-prime dept to investors.The giant american investment bank made losses of $29 bn in the sub-prime mortgage crisis scam. What are they doing now ? Business as usual... Five members of polygamous sect surrender
" Five members of a polygamous sect who were indicted alongside leader Warren Jeffs last week turned themselves in Monday to face sexual assault charges, Texas authorities said. Four of Jeffs' followers were...
created by sweet east pearl | 3 years ago | updated 3 years ago
232 views | 0 recommendations | 0 comments
232 views | 0 recommendations | 0 comments
Merrill says GM bankruptcy "not impossible"
I guess that whole SUV thing was a bit short sighted..."DETROIT (Reuters) - General Motors Corp (GM.N) will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is "not impossible"...RBS Shareholders Take 95.1% of Stock in Rights Offer
In the biggest European share sale and the first one in the UK sinc ethe economic turmoil began, RBS has seen shareholders buy 95 percent of stock, giving it an additional 11.6 billion pounds."Royal Bank of Scotland Group Plc saidshareholders bought 95.1 percent, or 11.6...NowPublic on Facebook
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