Merrill posts $4.9 billion loss, sells Bloomberg stake - Yahoo! News view story
news.yahoo.com — Merrill Lynch & Co posted a much larger-than-expected $4.89 billion quarterly loss on Thursday after writing down soured debt, and unveiled plans to sell billions of dollars of assets -- including a part of its lucrative brokerage business -- to shore up
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Joke Of The Day- The Ultimate Financial Advisor Test view story
One day, a guy from Merrill Lynch, a guy from Lehman Brothers and a guy from AIG, went for a walk through the streets of London.
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Wall Street Executives Made $3 Billion Before Crisis view story
Wall Street's five biggest firms paid more than $3 billion in the last five years to their top executives, while they presided over the packaging and sale of loans that helped bring down the investment-banking system.
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So You Think The Feds Didn't Need To Act? view story
The market was 500 trades away from Armageddon on Thursday, traders inside two large custodial banks tell The Post. Had the Treasury and Fed not quickly stepped into the fray that morning with a...
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Economic Meltdown: John McCain and the "Old Boy's Network" view story
The labor movement sharply criticized the Bush administration's and John McCain's responses to the failure of two major US financial institutions this week.
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Asian stocks soar on possible US rescue package view story
Investors were encouraged by news that the U.S. government was seeking the power to rescue banks by buying distressed assets at the heart of the financial system turmoil that's brought down Wall Street giants Lehman Brothers, Merrill Lynch & Bear Stearns.
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Wall Street Mess and the Foreclosure Crisis view story
As the nation struggles with the collapse in Wall Street, the foreclosure crisis rampages on, leaving more and more victims on its wake.
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