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China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

July 2006

How Stan O’Neal transformed Merrill Lynch

When Stan O’Neal took over as president and CEO of Merrill Lynch in 2001, the thundering herd of the 1990s was clapped out. O’Neal imposed a ruthless cost-cutting strategy that saved the firm’s independence. Now his rebuilding plans are starting to bear fruit. Can Merrill heed the lessons of the past, but at the same time make it back to the pinnacle of investment banking? Clive Horwood reports.


Stan O’Neal’s legacy to Merrill Lynch

The O’Neal era Merrill ethic

“It’s powerful if you have an organization on the same page”
How O’Neal went from the production line to the front line of investment banking                         Global Best Investment Bank: Merrill Lynch

IF YOU’RE LOOKING for a sure sign of the rejuvenation of Merrill Lynch under the leadership of Stan O’Neal, look no further than the events of May this year.

Speculation had been rife that Merrill was about to make transformational deals in some or all of retail banking, mortgage origination and consumer finance.

Merrill’s share price was suffering as a result. O’Neal needed to calm expectations and make plain...


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