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15 Aug 2008, 4:20 pm
One day after JPMorgan Chase and Morgan Stanley reached separate settlements with New York's attorney general over the sale of auction-rate securities, Wachovia said Friday it agreed to buy back $8.5 billion of the troubled assets from its customers. [read post]
15 Aug 2008, 3:35 pm
Louise Story, a DealBook colleague, reported about these concerns in Friday’s New York Times, noting how much revenue some of the big securities firms, such as Merrill Lynch and JPMorgan Chase, [...] [read post]
15 Aug 2008, 1:25 pm
  In its press release (please click here), Merrill announced that, beginning on January 15, 2009 and ending on January 15, 2010, retail investors will be able to sell their ARS back to Merrill. [read post]
15 Aug 2008, 11:10 am
Merrill Lynch' is unlikely to pay corporation tax in Britain for several decades after $29 billion in losses suffered by Merrill were put on the books of its London-based subsidiary, The Financial Times reported. [read post]
14 Aug 2008, 9:29 pm
Merrill Lynch instituted a hiring freeze for the rest of the year, a move meant to help bring the firm to profitability amid its billions of dollars in losses. [read post]
14 Aug 2008, 8:34 pm
But now, UBS AG, Citigroup, Merrill Lynch, and most recently, Morgan Stanley and J.P. [read post]
14 Aug 2008, 3:37 am
" The Merrill Lynch study finds that ARPU increased in Canada by 3.7 percent. [read post]
13 Aug 2008, 10:46 pm
We had a blast in section 222, with contingents from Thomson/Reuters/West, Kroll, Merrill, the EDD consultants gang, Teri "Jersey Girl" McCarron and her entourage, Amy Juers' Edge Legal Marketing crew, Dorsey, Parsinen Kaplan, et al. [read post]
12 Aug 2008, 2:59 pm
" If, on the other hand, Merrill were forced to seek funds from market sources, their costs could be as high as 8 to 9%. [read post]
12 Aug 2008, 11:28 am
Merrill Lynch & Co., 396 F.3d 161, 172-77 (2d Cir.2005) (failure to plead any facts supporting loss causation warranted 12(b)(6) dismissal of complaint).We agree. [read post]
11 Aug 2008, 9:20 pm
Those firms accused have included UBS, Bear, Stearns, Citigroup, Lehman Brothers, Merrill Lynch, RBC Dain Rauscher Inc., A.G. [read post]
11 Aug 2008, 2:16 pm
Barrett, who left Credit Suisse about four years ago to start his own private equity firm, is in talks with Merrill Lynch about taking a "high-level position" there. [read post]
11 Aug 2008, 9:12 am
Certainly, there were a few other state regulators involved, but NY AG Andrew Cuomo is responsible for orchestrating last week’s spate of settlements that will result in Merrill, Citi and UBS buying back more than $35 billion of illiquid auction-rates. [read post]
8 Aug 2008, 8:47 pm
This comes a day after Citigroup and Merrill Lynch said they would buy back almost $20 billion of such securities between them. [read post]
8 Aug 2008, 7:39 pm
Citigroup Global, Merrill Lynch, Wachovia Securities, UBS, Charles Schwab, and Morgan Stanley have volunteered to participate in a Financial Industry Regulatory Authority pilot program that would allow investors to have their cases heard by a panel consisting of three public arbitrators. [read post]
8 Aug 2008, 4:25 pm
Having to buy back auction-rate securities will post a reputational hit for big issuers like Citigroup, Merrill Lynch and UBS. [read post]
8 Aug 2008, 2:35 pm
  Further, Syncora’s litigation with Merrill Lynch regarding a series of credit derivatives it sold to Merrill Lynch was to be terminated.On August 6, the New York State Insurance Department (the "Department") announced ([www.ins.state.ny.us]) that the agreements between XL and Syncora, and Merrill Lynch and Syncora, had closed successfully. [read post]
8 Aug 2008, 12:20 pm
Within hours of each other on Thursday, Citigroup and Merrill Lynch offered to buy back a total of more than $17 billion of troubled auction-rate securities that they had marketed as being as safe and liquid as cash. [read post]