Thain Denies Merrill Needs To Raise More Capital

08 Apr 2008

John Thain, ceo at Merrill Lynch, denied that the bank would need to raise more capital but said that write-downs would likely continue to affect its balance sheet, reports “We deliberately raised more capital than we lost... (but) the shrinkage of our balance sheet will continue,” said ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial