Merchant and Investment Banking
Bank support funds going to usual suspects?
In the second big takeover in the pharmaceuticals industry, Merck is to buy Schering-Plough. There's a shed load of cash involved: where will it come from?
Bank of America gets TARP funding to support Merrill Lynch takeover
The US Treasury has this morning announced huge support for Bank of America under the Troubled Assets Relief Programme or TARP, and other measures. And it will take a large slice of BofA stock in return. It's complicated but it protects the taxpayer.
Merchant and Investment Banking: Lehman case referred to HK SFC
HKMA has referred five Lehman-Brothers-related cases to the SFC for further action and urged Authorized Institutions to study its report on Issues Concerning the Distribution of Structured Products Connected to Lehman Group Companies
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