Merrill Lynch is confident the global economic recovery is already underway. It sees growing demand for raw materials which will, in turn, be good news for the big mining companies ... more
There is still no sign that the slump in the housing market has hit rock bottom. In fact, some property experts are predicting prices will continue falling throughout the remainder of this year, by as much as another 10% to 20% ... more
There is still no sign that the slump in the housing market has hit rock bottom. In fact, some property experts are predicting prices will continue falling throughout the remainder of this year, by as much as another 10% to 20% ... more
There was no shortage of water in London’s streets today but that was not the reason Bank of America Merrill Lynch cut its rating on two of the four biggest suppliers of the wet stuff, Pennon and Northumbrian, from neutral to underperform before next month’s dividend reporting season... more
New York attorney general Andrew Cuomo has issued subpoenas for seven Merrill Lynch executives who scooped tens of millions of dollars in bonuses even as the firm racked up losses of $27.6 billion (£19.69 billion)... more
The crash in the value of Barclays and Merrill Lynch has dragged down the value of investments by Temasek, the Singapore government's global investment arm... more
Is Merrill Lynch the worst company in history? Competition for the title is tough, but any study would have to give weight to the claims of the self-styled “world’s biggest stockbroker”
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Economy: Britain has been hit by another 3000 job cuts. Merrill Lynch and its new owner Bank of America is axing 1900 jobs in London, while the Sheffield-based roofing materials group SIG shed 1000... more
People sometimes ask whether the City today is a more honest place than it was 20 years ago. The answer is probably no, but the nature of the lapses has changed... more
The phone has rung off the hook all weekend. “Are you OK?” I've asked friends whose husbands have been at Lehman Brothers. No, of course they are not... more
Credit crunch: Bank of America’s $50 billion (£28 billion) early-morning takeover of Wall Street investment bank Merrill Lynch creates the world’s biggest financial services group... more
Investment bank Merrill Lynch have declared a total hiring freeze until the end of the year as it licks its wounds after billions of dollars in writedowns... more
Exclusive: After high-profile allegations this season, Charlton's manager is pleased the issue is now being addressed but says the authorities still have plenty of work to do
Morning:
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