Results tagged “Merrill Lynch” from Dealbreaker
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Merrill Lynch: Celebrate The Birth Of Christ And/Or Anniversary Of The BAC Integration On Your Own Time
Oct 30, 2009, 11:32am
Posted by Bess Levin
The hideous rumor that the opportunity for some legacy Merrill Lynchers to drunkenly grope each other in commemoration of JC and the Bank of America merger this year is apparently true, though it remains unclear as to why (and why...
$51,634,606.22 + $4,260,850.63
May 29, 2009, 4:06pm
Posted by Equity Private
Are we surprised that the only big insider trading case in quite a while is somewhere outside of the SEC's jurisdiction? We seriously doubt whether there is a dearth of large insider trading cases in the United States, but they...
What Was Lewis Really Up To?
Apr 27, 2009, 9:55am
Posted by Equity Private
The party line is that Lewis was well on his way to dumping the Merrill merger via a Material Adverse Change clause and dumping (one assumes) the now empty dancecard holding bank into bankruptcy. If you want to add nuance,...
Forced Nakedness And Sexual Humiliation Is Next
Feb 23, 2009, 2:47pm
Posted by Equity Private
This is not the environment in which to mess with Cuomo. Particularly if you are John Thain. Seriously. Says Dealbook: Merrill Lynch's former chief executive, John A. Thain, was questioned by the New York State Attorney General Office last week....
Has Lewis' Time Come?
Jan 30, 2009, 2:45pm
Posted by Equity Private
We suppose that just by asking the question the Financial Times seems to think so. To wit: There is a popular cry for Ken Lewis to do a far, far better thing than he has ever done. But why should...
Suspiciously Groundless Rumor Of The Day
Jan 27, 2009, 2:31pm
Posted by Equity Private
The rumor we heard is that Merrill never actually took any TARP money. Paulson strong-armed them, made a lot of noise, but they never actually got a check. This would make a lot of the skewering they have been taking...
Blue Horseshoe Loves John Thain
Jan 23, 2009, 2:11pm
Posted by Equity Private
Footnoted is carrying a rather interesting post that notes the SECs continued interest in John Thain and his employment arrangements even before he was revealed as an affluent and enthusiastic connoisseur of expensive interior decor advice. But it turns out...
"Code Green Downfall, I Say Again, Green Downfall"
Jan 22, 2009, 10:25am
Posted by Equity Private
What do you do when your firm is on the verge of being absorbed, you are about to announce massive quarterly losses and the government might impose salary restrictions? Why, announce bonuses early! That was easy. Merrill Lynch took the...
Outstanding, Red Team!
Jan 06, 2009, 4:17pm
Posted by Equity Private
How'd you like to be "Head Of Retail Brokerage" nowadays? Yeah, us either. But that isn't stopping Merrill's Dan Sontag from making the jump into the parent organization. Bank of America Corp named Dan Sontag head of Merrill Lynch Global...
The Value Of Valuation
Dec 11, 2008, 10:09am
Posted by Equity Private
Surely you remember the era when we jumped from one record breaking buyout to another. It wasn't that long ago, after all. Or does it seem forever ago? The peak a year and a half ago had the Ontario Teachers'...
The Powerful, Powerless
Dec 05, 2008, 2:37pm
Posted by Equity Private
For "Capitalism Meets Populism" drama you can hardly beat the extraordinary shareholder meeting. And when it is an "end of an era" meeting, sounding the funeral bells of a venerable company with near triple digit age counters, the extremes on...
Don't Be Nice, Kick Her Twice
Nov 24, 2008, 10:47am
Posted by Equity Private
What shareholders would be the the mood for any deals in this environment? Really, it is damn ugly out there. No surprise then that Bank of America shareholders are about as interested in acquiring Merrill Lynch as a kick in...
Maybe You Shouldn't Have Had That Last Piece Of Pie
Oct 08, 2008, 10:19am
Posted by Equity Private
I bet it was really awesome, the moment that you penned the letter of intent. You know, that big snotty Wall Street Firm, the one that had turned up its nose at you time and time again. A thousand unforgotten...
Merrill Lynch Transaction Not Exactly Feeling Mr. Market's Love
Posted in Bank of America, Sep 16, 2008, 10:28am
Posted by Equity Private
Last I checked, Bank of America's offer was something like .8595 shares of BAC common for each share of Merrill Lynch common. Looking at BAC's current $28.22 price, that sounds like a $24.25 per share offer. MER has been slipping...
Not Even Merrill Lynch Wants To Be Associated With Tom Cruise
Aug 25, 2008, 10:55am
Posted by Bess Levin
Merrill Lynch may very well be in danger of failing but recent intel shows anecdotal evidence of Thain and Co. at least pretending to give a rat's ass about not ending up both broke and crazy (by association). The Post...
Cuomo And Thain To Duel?
Aug 21, 2008, 11:34am
Posted by Bess Levin
[click to view] As you know, UBS, Citi, Morgan Stanley et al all chose over the last several weeks to pay back billions in auction rate securities to avoid going to court with Attorney General Andrew Cuomo. No agreement...
John Thain To Meet With Korea Sovereign Fund Chief
Aug 20, 2008, 3:21pm
Posted by Bess Levin
Dow Jones reports that Merrill Lynch CEO John Thain will be sitting down with South Korea's sovereign wealth fund and key government officials during the first week of September. Supposedly the hang out is "just a courtesy call" to see...
Saving Merrill's Asses, YET AGAIN
Aug 18, 2008, 12:12pm
Posted by Bess Levin
We talk a lot of trash about (to? at?) Merrill Lynch here, most of it warranted. That's not going to change any time soon (barring Thain agreeing to the terms of the bribe* I recently laid before him, in which...
Thinking About Seeking Employment At Merrill? Think Again!
Aug 13, 2008, 10:22am
Posted by Bess Levin
Changes afoot at Merrill Lynch today. Not profitability or anything crazy like that but perhaps a step in that direction? The firm has instituted a global hiring freeze to last at least through next year. The ban on personnel includes...
Morgan Stanley's Auction Rate Securites Buyback: Too Little, Too Late
Posted in Auction Rate Securities, Aug 12, 2008, 8:26am
Posted by John Carney
Investors in auction rate securities got some relief when UBS and Citi said they would buy back those bought by retail investors and charities. Merrill followed suit, although its buy back would be delayed until next year. But when Morgan...
