- Dividend Payout Could Hit Record Amount This Year
- With Investors So Bullish, Stock Pullback Must Be Ahead
- Is Bill Gross, PIMCO's Bond King, Losing His Touch?
- Greece Austerity Deal Runs Into Trouble Once Again
- Why Saving Greece Could Destroy the World
- Apple’s Record Run: $500 Is a Magic Number
- Housing Still Hurting Consumers, Economy: Bernanke
- Get Ready for $5 Gas This Year: Ex-Shell CEO
- The World's Best Beers
- In Search of America's ‘Hottest Forecasters’
- Dow vs. S&P 500: Which is a Better Investment?
- Mick Fleetwood on the MP3 ‘Dumbing Down’ of Music
- Avis on the Road to Strong Growth: Analyst
- Private Homebuilders: Dead Men Walking
- LinkedIn’s Growth Is Already Priced In: Analyst
- The Real Reason Behind Bank of America’s Rally
- 5 Hedge Funds’ Top Stocks Soar After 2011 Rout
- This Valentine’s Day Love Is Served on a Silver Platter
MOST SHARED
- How to Date a Wall Street Man
- Standard & Poors Downgrades 34 Italian Banks
- Dividend Payout Could Hit Record Amount This Year
- Follow Leon Cooperman into RIM, Halliburton?
- Dow vs. S&P 500: Which is a Better Investment?
- Pauley Perrette's Southern Bakery a Hit in Manhattan
- Gene Munster Expects Apple Growth, Dividend
- Dow Logs Worst Day of 2012 Amid Greek Drama
- Stanford's Lawyers Subpoena Attorney of Key Witness
- How Rescuing Greece Could Destroy the World
MOST POPULAR
HOT ON FACEBOOK
Merrill CEO Does Not Plan to Raise More Capital
Text Size 
U.S. investment bank Merrill Lynch does not plan to raise further capital as it has already raised more than it has lost, Chief Executive John Thain said on Tuesday.
 |
AP John Thain |
He also said that while Merrill [MER
Loading...
()
] had not announced layoffs, it would be logical to focus on expenses.
A shrinking of Merrill's balance sheet will continue, he added at a briefing in Tokyo.
Merrill, which has so far written down $24 billion worth of investments related to the troubled U.S. mortgage market, has no need to raise fresh capital, Thain said in an interview last week.
Thain also told Japan's Nikkei business daily that he has no plans to sell the company, or merge it with another bank.
Merrill has raised about $12.8 billion of capital since late 2007, following heavy subprime losses in the third and fourth quarters.
The bank has also looked beyond the United States for its funding, raising $6.6 billion from a group that includes Japanese, Korean and Kuwaiti investors.
- Marketing clichés aside, sometimes diamonds are for investing.
- The ‘Fast Money’ traders weigh in on fashion related stocks from apparel to footwear.
- This list of the 10 most active cities for speed traps was compiled by Trapster.com. See if your town is there.
- This Valentine’s Day should prove a love fest for restaurants, as many couples will be dining out.
- Here’s a look at Westminster Kennel Club’s most successful breeds—and how much they cost.
- What kind of homes do celebrity couples share? Here’s our updated list. Take a look.
Data is a real-time snapshot *Data is delayed at least 15 minutes
