Institutional investor hopes are higher than at any point since start of credit crunch
The weak link is Europe; managers are near unanimous in view that Europe will slip into recession
Institutional investors looking for more action from governments
Merrill Lynch & Co., Inc. announced that its shareholders have approved the brokerage giant’s acquisition by Bank of America.The acquisition of Merrill Lynch was approved Fridayat its special stockholders meeting along with two other related proposals. Under the terms of the transaction, which was announced on September 15, Merrill Lynch stockholders will receive 0.8595 of […]
Economists lower crude oil price forecast to US$50 a barrel
Bank will have the largest wealth management business in the world once purchase is complete
Equity investors eye U.S. corporate profits
Merrill Lynch today reported a US$5.1 billion net loss from continuing operations for the third quarter, compared with a US$2.4 billion loss in the same quarter last year.The firm said that its third quarter net revenues were just US$16 million, driven by a number of significant unusual items, including:> net writedowns of US$5.7 billion resulting […]
Managers waiting for signals to buy
6 of 10 expect negative global growth