Current Article

Merrill Lynch Declares Losses, Confirms Sale of Bloomberg Shares for US$4.43bn

At 18 Jul 2008 09:55:02 in MDI-The Corporation, Market Data Insight, RDR-The Corporation, Reference Data Review Full content requires subscription

Wall Street investment bank Merrill Lynch yesterday confirmed a US$4.65 billion loss during its second quarter, bringing the total losses over the last year to US$19 billion. CEO John Thain also confirmed that the bank has sold its 20% stake in Bloomberg back to the financial news and data provider for US$4.43 billion, in order to offset the losses.

You must login and be a subscriber to see the rest of this article.

Existing Users Login

Free User Registration

To create a free user account which grants you access to an entire library of free issues, articles, and research reports (click here for the full list) fill out and submit the form below.

* Required
Email (as login):*
Confirm Email:*
First Name:*
Last Name:*
Company:
Department:
Job Title:
Day Phone:*
Mobile:
Fax:
Address:*
Address 2:
City:*
State/Province/Suburb:*
Postal Code/Zip:*
Country:*