Sept. 14 (Bloomberg) — Lehman Brothers Holdings Inc. prepared to file for bankruptcy after Barclays Plc and Bank of America Corp. abandoned talks to buy the U.S. securities firm and Wall Street prepared for its possible liquidation.
By Dan Wilchins and Elinor Comlay
NEW YORK, Sept 14 (Reuters) – Bank of America Corp on Sunday is in advanced talks to acquire Merrill Lynch & Co Inc, a deal that would give the bank the world’s largest brokerage and a sizable investment bank, according to people briefed in the matter.
Add one more…Fed will accept “broader” set of collateral for loan…what’s the “broader” set? Junks that no one in their right mind will buy in the open market?
Add one more…Fed will accept “broader” set of collateral for loan…what’s the “broader” set? Junks that no one in their right mind will buy in the open market?
Add one more…Fed will accept “broader” set of collateral for loan…what’s the “broader” set? Junks that no one in their right mind will buy in the open market?
Add one more…Fed will accept “broader” set of collateral for loan…what’s the “broader” set? Junks that no one in their right mind will buy in the open market?
Add one more…Fed will accept “broader” set of collateral for loan…what’s the “broader” set? Junks that no one in their right mind will buy in the open market?
