The SEC once again proved that it cannot complete a large case against a major company. In a settlement that looks like those that it made with Bank of America (NYSE: BAC) over disclosures connected to its purchase of Merrill Lynch and a number of firms accused of back-dating stock options to increase executive compensation, [[ This is a content summary only
Posts Tagged merrill-lynch
These are some of this Thursday’s top analyst calls with upgrades, downgrades, and initiations seen in Wall Street research notes: Apple Inc.
China’s Premier Wen Jiabao says that workers should be treated better. Jiabao’s comments come in light of a series of strikes at Honda Motor (NYSE: HMC) plants and supplier facilities
The Death Of Wall St.
May 13
The Wall Street Journal reports that J.P. Morgan Chase & Co.
NYT: NY Attorney General is investigating eight banks for allegedly providing misleading information about mortgage instruments to rating agencies: The Goldman Sachs Group (NYSE: GS), Morgan Stanley(NYSE: MS), Deutsche Bank (NYSE: DB), UBS (NYSE: UBS), Credit Suisse (NYSE: CS), Merrill Lynch, Credit Agricole, and Citigroup (NYSE: C). Reuters: SAP (NYSE: SAP) will buy Sybase for $5.8 [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
The SEC and other Banks
Apr 19
To follow up on the stories from last night , the Financial Times reported in January: SEC subpoenas big banks over CDOs The Securities and Exchange Commission sent subpoenas [in December 2009] to banks including Goldman Sachs, Credit Suisse, Citigroup, Bank of America/Merrill Lynch, Deutsche Bank, UBS, Morgan Stanley and Barclays Capital, these people said.
Updated throughout the day. Goldman Sachs Group (NYSE : GS) Rajat K. Gupta, who is being investigated for insider trading, will not stand for re-election to the board.
There are many more significant calls than we expected in this Friday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls: Advanced Micro Devices Inc. (NYSE: AMD) Maintained as Sell with $6 target at Auriga; Maintained Buy with $14 target at Broadpoint AmTech.
Might the most controversial deal of the crisis pay off after all? WHEN Bank of America swooped on Merrill Lynch in September 2008, BofA’s boss, Ken Lewis, was applauded for rescuing the investment bank from the same fate as Lehman Brothers. The shotgun wedding created America’s biggest bank by assets
