Word: lynch
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...case that has won Spitzer the most praise is his highly public pursuit of Wall Street analysts. He focused initially on Merrill Lynch, producing internal e-mails that, he said, showed that the investment banks' analysts were routinely touting stocks of companies they knew were slagging. Merrill Lynch eventually agreed to pay $100 million, a settlement that some analysts criticized as too small but that opens the door wide for individual investors to file their own lawsuits...
...they would be more likely to try financial services if they were sponsored by their church. And companies are eager to peddle their wares to such receptive audiences. Some firms, including Citigroup, Intuit and Freddie Mac, have signed on to work with One Thousand Churches. But others like Merrill Lynch--which quietly donated $30,000 to the program last month--seem hesitant to publicly affiliate themselves with Jackson's financial ministry...
...assets leads to a drying-up of foreign demand." That could be bad news for U.S. markets because foreigners own 13% of the U.S. equity market, 24% of U.S. corporate bonds and 40% of U.S. treasury bonds, according to Bridgewater. In a survey published in May by Merrill Lynch, 63% of global fund managers indicated that U.S. stocks are seen as the most overvalued in the world. The survey showed that only 22% of fund managers believe that the outlook for corporate profits is strongest in the U.S., down from 45% in March. At the heart of the debate...
Packer, who was a managing director at Merrill Lynch, was delivering a keynote speech to an e-commerce conference on the 106th floor of the World Trade Center’s North Tower...
...Merrill Lynch, he headed the firm’s major effort at online trading, enabling customers to do business with the investment giant directly over the Internet for the first time. In 1999, Institutional Investor, a prominent trade publication, named him one of the country’s top leaders in online finance...