Friday 29 August 2014
 
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Merill Lynch

Citi, Merill Lynch face US fraud charges

The Justice Department is preparing to file civil fraud charges against Citigroup and Bank of America's Merrill Lynch unit over their sale of flawed mortgage securities ahead of the financial crisis, according to people familiar with the pro

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Merrill Lynch takes $14bn write-down

Merrill Lynch & Co on Thursday posted a quarterly loss of nearly $10 billion after write-downs and adjustments totalling $14.1 billion as bad subprime mortgage bets forced the brokerage to sell stakes in the company to foreign investors to rai

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Kuwait may invest in Merrill says paper

US investment bank Merrill Lynch & Co Inc is seeking about $4 billion in a second capital raising, a report said. The Kuwait Investment Authority is expected to be a significant investor in the new deal, the Financial Times reported, c

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