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Bank Of America Jobs Cuts Could Be Severe
Bank of America could end up cutting 30,000 jobs as it moves to absorb Merrill Lynch, three times as many as previously estimated, sources told CNBC.
WITN 7  –  Dec 3, 2008 12:53 AM [GMT]  –  comment?
found in Local: North Carolina: Greenville-New Bern-Washington
Market Report: RBS soars on back of Merrill's rescue plan
Royal Bank of Scotland registered a stellar 16.79 per cent rise last night after the house broker Merrill Lynch suggested a radical restructuring strategy to save the bank, already majority-owned by the British taxpayer, from full nationalisation.
The Independent  –  Dec 3, 2008 12:00 AM [GMT]  –  comment?
found in Top Stories
Government puts RBS lending policy under scrutiny
Royal Bank of Scotland was put on notice yesterday that its lending policy, boardroom appointments and business strategy were being reviewed by the government as it took control of 58% of the Edinburgh-based bank.The body set up to oversee the government's stake said it was in "active disc ... more »
The Guardian  –  Dec 2, 2008 12:56 AM [GMT]  –  comment?
found in Politics
Stocks in the Spotlight Monday
Mentor soars, while Caterpillar, Merrill Lynch and Weatherford tumble.
Barron's Online  –  Dec 1, 2008 10:01 PM [GMT]  –  comment?
found in Business: Markets
Marathon Oil Corporation To Present at Merrill Lynch Global Energy Large Cap Conference
Read full story for latest details.
PR Newswire  –  Dec 1, 2008 3:06 PM [GMT]  –  comment?
found in Top Stories: Press Releases
Financial stocks in broad retreat as December opens
NEW YORK (MarketWatch) -- Shares of U.S. financial stocks fell sharply on Monday as investors sold of shares after last week's stellar run. The Financial Select Sector SPDR , an ETF that tracks the financial stocks in the S&P 500 fell 5.5%. Losses were spread across industries with insurer ... more »
MarketWatch.com  –  Dec 1, 2008 2:43 PM [GMT]  –  comment?
found in Business: Markets
Taxpayer left with £2.4bn paper loss in RBS takeover
The government's new banking authority will start work on Monday seeking three new board directors for Royal Bank of Scotland - now majority-owned by the taxpayer after the £20bn government bail-out.Existing shareholders in RBS shunned the fundraising, leaving the taxpayer with 57.9% of th ... more »
The Guardian  –  Nov 29, 2008 12:57 AM [GMT]  –  comment?
found in Politics
UBS slashes target on Bank of America by 48 percent
(Reuters) - UBS slashed its price target on Bank of America Corp by 48 percent, citing tighter credit conditions, uncertainty over near-term prospects of the Merrill Lynch & Co deal and risk of additional write-downs.
Reuters  –  Nov 28, 2008 4:18 PM [GMT]  –  comment?
found in Business
Breakingviews.com.: Sigh Deeply, Acquire Merrill
Bank of America shareholders will be taking one for the team, assuming they greenlight the takeover of Merrill Lynch next week.
New York Times  –  Nov 28, 2008 01:23 AM [GMT]  –  comment?
found in Business
UPI NewsTrack Business
Europe's markets edge up Thursday ... Fed approves purchase of Merrill Lynch ... Jaguar Land Rover announces layoffs ... Poll: Russian leaders unscathed by crisis ... News from United Press International.
United Press International  –  Nov 27, 2008 9:33 PM [GMT]  –  comment?
found in Business