Banking, finance, and taxes
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When Merrill Lynch (MER) CEO John Thain signed the employment agreement that made him the S&P 500’s best-paid CEO of…
Shares of Lehman (LEH) were off 84% in European trading. Bank of America (BAC) was down 14%. UBS (UBS) shares…
According to Reuters, Lehman (LEH) will seek Chapter 11 protection. Reuters reports that Bank of America (BAC) will buy Merrill…
We few, we happy few, we band of brothers; For he to-day that sheds his blood with me…
No one likes a sore loser and there will be plenty of those among the executives at banks and brokerage…
Merrill Lynch (MER) is gone, sold to Bank of America (BAC) for $44 billion. That is $29 a share, well…
The Wall Street Journal is reporting that the board of Merrill Lynch (MER) is meeting to approve a $29 a…
The latest rumor in the swirl of news around the probable failure of Lehman (LEH) is that Bank of America…
Convinced that a Lehman (LEH) Chapter 11 could cause huge losses for other large financial institutions, the weakest players have…
Lehman (LEH) may or may not open for trading on Monday morning. A number of experts believe that the broker’s…
According to Reuters, debt of Washington Mutual (WM) was cut to junk on a forecast of a $4.5 billion loss…
According to Reuters, Washington Mutual (WM) fell 30% to a 17-year low. Reuters reports that billionaire Carlos Slim has bought…
There were more downgrades in financial stocks, but these were the larger names that saw estimates or ratings cut by…
According to Reuters, bond giant Pimco called for more governemt support for the financial system saying the the credit crisis…
The evidence that sales at many companies are struggling and that employment will suffer are almost everywhere. Recently, a division…
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