Merrill Lynch Co
latest news & developmentsBank of America gets big govt bailout
Bank of America was rescued by the US government on Friday through a -billion bailout.
Carlyle Capital in default, on brink of collapse
An affiliate of United States-based buyout firm Carlyle Group has defaulted on about ,6-billion of debt and expects its lenders to seize remaining assets as the global credit…
Wall Street cringes as Citigroup revives fears
Fear and mistrust gripped Wall Street on Monday after Citigroup’s CEO quit in the wake of mounting credit losses and an influential money manager called the subprime mortgage…