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Regulation, risk and reaching nirvana – Harnessing your data assets in the wake of the crisis
Dark Pools of Liquidity – The Risks
Location of Market Risk Personnel
Credit Meltdown Recovery? Harnessing Stress Testing for Effective Risk Control
Determining Best Execution: What Roles Does Transaction Cost Analysis Play?
Establishing Control: Buy-side data management challenges
Navigating the Minefield: An assessment of current credit monitoring and control practices
Risk Management in 2009 – Where do we go from here?
Last week, Merrill Lynch chief executive John Thain was relieved of his duties by Bank of America CEO Ken Lewis. Thain’s departure followed a fair amount of complaining by Bank of America that they were not made aware of the total amount of losses on Merrill Lynch’s books before they agreed to buy the beleagured financial firm. According to Lepus sources IT teams at both banks started integration on the first of January.
The WSJ’ Deal Journal outlines Thain’s goodbye memo, he seeks to set the record straight on his expenditures and maintains that Bank of America knew everything about Merrill’s $21.5 billion pre-tax loss.
He goes out, in short, with both guns blazing.
Tagged with: banking crisis