Word: lynch
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Dates: during 1990-1999
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...Term Capital Management, a high-risk, high-rolling hedge fund based on the formulas of two derivatives Nobelists, went belly-up last month, Greenspan realized that the damage wasn't restricted to the brandy-and-cigars crowd. Banks and financial institutions were deep into hedge funds, and when Merrill Lynch or BankAmerica takes a $100 million hit, a lot of ordinary folks -- from bank customers to businesses to a homeowner looking to take out a second mortgage -- get contaminated...
...panelists also attempted to allay student's fears about job security in the wake of Merrill Lynch's announcement Tuesday that it was laying-off 3,400 employees, or roughly 5 percent of its work force...
Bates, an employee of Merrill Lynch, said she agreed with Harris...
With the fund collapsing, a Who's Who of Wall Street bankers and brokers feverishly huddled for two days on the 10th floor of the Federal Reserve Bank of New York City last week to draw up a rescue package. Among the princes present: Merrill Lynch chairman David Komansky, Travelers Group chairman Sanford Weill, and Goldman Sachs senior partner Jon Corzine...
...people each month find themselves hooked into the Internet, trading for $8 a pop, loving the excitement and potentially the rewards. But has online trading turned the stock market into a giant casino that threatens the financial lives of Americans? That's what John Steffens, a Merrill Lynch vice chairman in charge of stock brokerage, contends. He has gone to war against Internet trading in a series of public speeches, chronicled last week in the Wall Street Journal, urging individuals to abandon their free-trading ways and stick with the good old-fashioned (and expensive) hand-holding, broker-to-client...