Merrill Lynch is in negotiations to sell its $6bn (£3bn) stake in financial data and news company Bloomberg in a bid to strengthen its balance sheet.
The American bank, which has held a stake in the company for about 20 years, is understood to be...
NEW YORK: Merrill Lynch is in negotiations to sell its 20 percent stake in Bloomberg, the financial data and news company founded by Michael Bloomberg, as the firm seeks to raise more capital, people involved in the talks have said.
The...
Merrill Lynch is in negotiations to sell its 20 percent stake in Bloomberg L.P., the financial data company founded by Mayor Michael R. Bloomberg, as the securities firm seeks to raise still more capital, according to people involved in the talks....
Why should Merrill Lynch hold on to its stake in fund manager BlackRock? The short answer: it is profitable and a reliable bright spot in Merrill’s earnings.
And even though CEO John Thain early this year said Merrill wouldn’t need to raise...
Background
Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services worldwide. The firm's world headquarters is located in New York City. The company occupies the entire 34 stories of the Four World Financial Center building in Manhattan.
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Timeline
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John A Thain said this in:
7 hours ago from International Herald Tribune