"Everything seems to be on track, regardless of who the prime minister is, " says Supavud Saicheua of Merrill Lynch Phatra Securities in Bangkok.
It set up Merrill Lynch Japan Securities, which hired 2, 000 people from Yamaichi, one of Japan's four big brokers until it went bust in November 1997, and took out new leases on many old Yamaichi offices.
Morgan, Bank of America Merrill Lynch and Deutsche Bank Securities as underwriters of the IPO.
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Daniel Castro, the former head of structured finance research at Merrill Lynch, thinks some mortgage securities are such a screaming deal that he's setting up a hedge fund, Huxley Capital Management, to buy them.
The former Merrill Lynch stock analyst, bounced from the securities business for hyping Internet stocks he privately said were dogs, reemerged in public as a reporter covering the Martha Stewart trial for online magazine Slate.
Bill Heskett, managing director of asset-backed securities for Bank of America Merrill Lynch, is also bullish on solar securitization.
According to the Times, the suit will claim that two Bank of America units, Countrywide and Merrill Lynch, misrepresented the quality of the mortgage securities sold to investors.
With visibility on two uncertain elements, and with the opportunity to exit its equity stake before year-end, the time is right for the Treasury to close out its AIG position in the offering to be conducted by Bank of America Merrill Lynch, Citigroup, Deutsche Bank Securities, Goldman Sachs Group and JPMorgan Chase.
The lead managing underwriters were UBS Investment Bank, BofA Merrill Lynch, Citigroup, Morgan Stanley and Wells Fargo Securities.
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So among his mandates is to search out a joint venture with a Chinese securities partner that would allow BofA Merrill Lynch to underwrite IPOs in China.
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This is partly because their treatment of workers no longer seems quite so brutal: when Yamaichi Securities went bankrupt last year, Merrill Lynch stepped in and gave jobs to a third of its staff.
Be prepared for a further onslaught of lawsuits, many brought by foreign buyers of the damned mortgage-backed securities merchandised willy-nilly by Merrill Lynch, Bear Stearns and Washington Mutual before they were purchased by JP Morgan, Bank of America and others.
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In fact, a lot of money is changing hands in this guerrilla trading room where smart freelancers are competing against giant over-the-counter marketmakers like Merrill Lynch, Goldman, Sachs, Morgan Stanley, Knight Securities.
Yup, according to a federal lawsuit in New York against ten securities houses, including Credit Suisse First Boston and Merrill Lynch (plus several of their institutional customers), these normally cutthroat Wall Street competitors got together to levitate the prices of initial public offerings, reaping billions of dollars in illegal profits.
Yup, according to a federal lawsuit in New York against ten securities houses, including Credit Suisse First Boston and Merrill Lynch (nyse: MER - news - people ) (plus several of their institutional customers), these normally cutthroat Wall Street competitors got together to levitate the prices of initial public offerings, reaping billions of dollars in illegal profits.
Merrill Lynch has snapped up 29 branches and 2, 000 employees from defunct Yamaichi Securities.
Chief executives at Citigroup and Merrill Lynch lost their jobs following billions of dollars in write-downs of mortgage-backed securities.
The new program is aimed at the 20 prime dealers of Treasury securities, a list that includes the big five brokerages, Goldman Sachs, Merrill Lynch, Morgan Stanley, Bear Stearns and Lehman Brothers, as well as Citigroup, Bank of America, JPMorgan Chase and, perhaps significantly, Countrywide Financial 's securities division.
Now--after companies like Bank of America, Citigroup and Merrill Lynch have issued billions of dollars in write-downs because of their exposure to mortgage-related securities--investors took the president's proposal Thursday to mean much the same thing.
Prior to that he was head of global growth research at Merrill Lynch from 1998 to 2001, and before that he was head of growth research and strategy at Montgomery Securities from 1995 to 1998.
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