Relevant:
- Let’s start with what’s (mostly) known at this point: Merrill Lynch & Co. (MER: 31.52, -3.81%) is likely to sell assets. After all, CEO John Thain has said the Wall Street firm will not need to raise additional equity, and it’s generally assumed tha
- Blame it on Merrill: JP Morgan's stung by $1.5 billion July writedown
- Quotes from Merrill's Thain on capital needs
- Merrill Losses Have Fingers Pointing at Thain
- Mitt Romney Considering Infamous Ex-Merrill Lynch CEO To Replace Geithner
2008-07-09 — housingwire.com
"Let’s start with what’s (mostly) known at this point: Merrill Lynch & Co. (MER: 31.52, -3.81%) is likely to sell assets. After all, CEO John Thain has said the Wall Street firm will not need to raise additional equity, and it’s generally assumed that Merrill needs additional capital to weather the ongoing credit and mortgage storm."
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