merrill lynch

US banking giants Merrill Lynch and Citigroup report massive quarterly losses as market turmoil leads to further write-downs.

Another quarter, another massive loss for Merrill Lynch.

Question: I have had several money managers over the years from Merrill Lynch, to UBS to currently Wachovia. I am paying a fee of about 1% on average but am sure there are other fees that I don't know about.

I'm not sure this is working. What should I do?

Bank of America Web site chokes amid takeover of Merrill Lynch and broad Wall Street worries.

Stock markets in Asia took a big hit Tuesday after Wall Street's 504-point drop on Monday. Most Asian markets were closed Monday for a holiday, so Tuesday was the first time investors reacted to the news of Lehman Brothers' bankruptcy and Merrill Lynch being bought by Bank of America.

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Wall Street lost more than 500 points Monday reacting to the bankruptcy of Lehman Brothers and the sale of Merrill Lynch.

It was the worst loss since the Sept. 11attacks. Adding to the misery is insurance giant American Insurance Group, which is facing serious trouble.

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Stocks plummeted Monday morning as investors contended with the biggest financial crisis in years that saw Lehman Brothers file for the biggest bankruptcy in history and Bank of America buy Merrill Lynch in a $50 billion deal.

Don’t you wish you had the same tools at your disposal to assess the riskiness of securities you hold, now that Wall Street is going through a Monday as black (or blacker) than the one in 1987.

Bear Stearns, gone. Lehman Brothers, bankrupt. Merrill Lynch, absorbed. AIG, on the brink. Washington Mutual, teetering.

Folks are waking up Monday to a Wall Street meltdown as Lehman Brothers filed for bankruptcy, Bank of America acquired Merrill Lynch and companies ranging from Washington Mutual to AIG are on the ropes.

While the technology industry is removed from this carnage it will still feel considerable ripples–some tech giants sooner than later.