Merrill Lynch And The Mortgage Crisis
Nov 13th, 2008 · Pulitzer Prize-winning journalist Gretchen Morgenson discusses the unprecedented collapse of Merrill Lynch, America's most famous brokerage house.
Nov 13th, 2008 · Pulitzer Prize-winning journalist Gretchen Morgenson discusses the unprecedented collapse of Merrill Lynch, America's most famous brokerage house.
Sep 16th, 2008 · The financial fallout continues on Wall Street, with Lehman Brothers in crisis and Merrill Lynch in danger. Money Coach Alvin Hall and NPR's Adam Davidson explain details of the crisis, and what consumers can expect moving forward.
Sep 16th, 2008 · The hottest major player on Wall Street is currently Bank of America. The North Carolina-based bank's recent purchase of Merrill Lynch will create one of the largest financial services firms in the world.
Sep 15th, 2008 · Bank of America is acquiring Merrill Lynch in a $50 billion deal that could turn the big U.S. bank into a global financial-services powerhouse. But Bank of America must first successfully integrate the investment firm with its commercial bank operations.
Sep 15th, 2008 · Markets have tumbled after the investment bank Lehman Brothers filed for bankruptcy, and the brokerage firm Merrill Lynch agreed to be bought by Bank of America. Financial experts explain what's happening on Wall Street today and discuss the larger picture for the U.S. economy.
Sep 15th, 2008 · U.S. stock prices are down sharply as investors digest the news of another major financial collapse on Wall Street. This weekend, the government decided not to help rescue Lehman Brothers, as it did Bear Stearns, Fannie Mae and Freddie Mac. As a result, it has filed for bankruptcy. Also Sunday, Merrill Lynch agreed to sell itself to Bank of America rather than suffer the same fate.
Sep 15th, 2008 · To avoid bankruptcy, the nation's largest brokerage firm, Merrill Lynch, agreed to sell itself to Bank of America for $50 billion. The fourth-largest U.S. investment bank, Lehman Brothers, couldn't find a buyer and decided to file for bankruptcy. The question swirling in the markets is: "Who's Next?"
Sep 15th, 2008 · Merrill Lynch announced Sunday that it has agreed to be sold to Bank of America for about $44 billion. The brokerage firm sees the sale as shoring up the company. Insurance company American International Group also faces rough waters after suffering staggering losses due to the credit crisis.