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Merrill overhauls stock rating system
A new system requires analysts to assign “underperform” ratings to one out of every five stocks they cover.
Merrill Lynch can cover debt, CFO says
The firm has $44 billion of equity capital available, according to Nelson Chai, Merrill's chief financial officer.
Merrill ARS customers to get money in a year
About 23% of the auction-rate securities held by Merrill clients have already been refinanced, said John Thain.
Report: Merrill lures Goldman’s Kraus
Merrill Lynch is in talks with Peter Kraus, a former asset management chief of Goldman Sachs, Bloomberg reported.
Merrill names global-sales-and-trading chief
John Thain’s restructuring of leadership continues as Thomas K. Montag is named head of global sales and trading.
Vote could unseat Merrill board members
The vote would eliminate a staggered-board system that promises three-year terms to directors in place of annual elections.
Auction rate securities class actions are filed
A spate of class actions involving auction rate securities may be behind an expected rise in securities class actions this year.
Thain seeks to reassure shaken advisers
Merrill Lynch CEO John A. Thain answered tough questions from the bank's 16,660 anxious financial advisers in a conference call.
Analyst: Merrill Lynch mess not over yet
Oppenheimer analyst Meredith Whitney questioned Merrill CEO John Thain's claims that the bank remains well-capitalized.
Merrill bleeds billions, cuts 3,000 jobs
Merrill Lynch & Co. Inc. reported a first-quarter loss of $2 billion, or $2.19 per share - its third consecutive quarterly loss.
Merrill could face huge write-down
The firm is expected to take a write-down of $6 billion to $8 billion when it announces its earnings tomorrow.
Merrill chief looks abroad for opportunities
Merrill Lynch chief executive John A. Thain toured Europe and Asia, making his last stop in Beijing yesterday.
Merrill predicts dire first quarter
Unlike the earlier write-downs, the latest round is not solely connected to subprime loans
Report: Merrill to layoff up to 15%
Merrill Lynch & Co. Inc. is planning to slash its work force by 10% to15% sometime in May, CNBC reported.
Record losses predicted for Merrill, UBS
The first-quarter hits will be due to write-downs on the value of debt securities, said Oppenheimer analyst Meredith Whitney.
Analyst slashes Merrill Lynch forecast
The firm will report $5 billion in additional losses on CDOs, Alt-A and commercial mortgages, says a JPMorgan analyst.
Morgan Stanley streamlines retail management
Morgan Stanley & Co. Inc. of New York is cutting its four retail divisions down to two, creating a South/West division and a Northeast/Central division.
Donohue: Watch out when marketing managed-payout funds
Mutual funds that offer managed payouts designed to give investors a steady stream of income have caught the attention of Andrew J. "Buddy" Donohue, director of the division of investment management at the Securities and Exchange Commission.
Merrill Lynch sues SCA for credit swaps
Merrill claims SCA’s financial guarantee subsidiary, XL Capital Assurance, owes the firm as much as $3.1 billion.
Analyst: Merrill most primed for fall
After the collapse of Bear Stearns one financial analyst says Merrill Lynch & Co. is most at risk to fall, according to published reports.
