Analyst: Merrill Charge Could Be Offset By Bloomberg Sale
NEW YORK - - Merrill Lynch & Co. could write-down as much as $5 billion for the second quarter, a charge which could be offset by the bank selling its stake in media company Bloomberg, said Deutsche Bank on Tuesday. Analyst Mike Mayo wrote in an investor
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Economy - Tuesday (Investor's Business Daily)
Investor's Business Daily - That was slightly better than Wall St. estimates, while April's rise in consumer credit outstanding was revised down to $7.8 bil. Credit card and other revolving debt grew by $5.7 bil after April's drop of $424 mil. Auto, boat and other nonrevolving loans rose $2.1 bil.
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Closing Glance: Investment Banks rise
NEW YORK Shares of investment banks rose Tuesday along with the broader market as Federal Reserve chairman Ben Bernanke said the central bank might extend its lending efforts to investment banks to help improve liquidity in the credit markets. Here's a
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Peru?€™s economy quite immune to international crisis, says Deutsche Bank chairman
Peru?s financial system and economy are quite 'immune' to the international crisis facing many countries nowadays, stressed today the chairman of Deutsche Bank, Josef Ackermann, after meeting with Peruvian president Alan García at the Government
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JPMorgan Chief: Investment Banks Not Too Big to Fail
WASHINGTON -- JPMorgan Chase Chief Executive Jamie Dimon Tuesday said investment banks are not too big to fail, and said the U.S. regulatory response to the credit crisis was appropriate. Dimon, speaking to a mortgage lending forum sponsored by the
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London investment bank beefs up NY workforce
Extract not available.
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CSRC considering 8 securities firms for PE investments
Extract not available.
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  • HINO MOTORS, LTD. to Sell Bosch Corporation's Shares through Takeover Bid

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  • FOREX-Dollar holds gains on sunnier financial outlook

    LONDON, April 2 (Reuters) - The dollar was little changed on Wednesday, holding gains made the previous session as traders saw news that some struggling financial firms had shored up their balance ...


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