System introduces rating dispersion requirements
Merrill Lynch & Co., Inc. announced today that it has lured Goldman Sachs veteran, Tom Montag, to serve as its new head of global sales and trading.In his role, Montag, 51, will be responsible for all the firm’s global sales and trading activities across debt and equities. He will report directly to John Thain, chairman […]
Firm now looking for a 25 bps rate cut at the end of the month
Firm takes further writedowns on mortgage-related assets
Managers comparatively relaxed about inflation: survey
Launches Merrill Open Minds with seven alternative research providers
Merrill Lynch Global Research has introduced a new global emissions benchmark, the MLCX Global CO2 Emissions Index, which is designed to provide investors with insight into the rapidly growing global CO2 emissions market.The new index is based on contracts established under the European Union Emission Trading Scheme and under the Kyoto protocol. The index gives […]
Stagflation fears take hold, survey finds
Dealer will play key role in supporting CDP's development and growth worldwide
Merrill Lynch announced that it is discontinuing mortgage origination at its First Franklin subsidiary in the Unites States and will explore the sale of Home Loan Services, a mortgage loan servicing unit for First Franklin.The company said it made the decision to discontinue lending by First Franklin because of the deterioration of the subprime lending […]