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To: X Y Zebra who wrote (56741)6/9/2002 6:56:43 PM
From: X Y Zebra  Respond to of 208838
 
one, two, three... jab, jab, uppercut and...

is it knock out ?

____________________

Merrill Lynch suffers triple blow
By Joshua Chaffin in New York and Tony Tassell in London
Published: May 17 2002 18:36 | Last Updated: May 17 2002 18:45



Merrill Lynch suffered a triple blow on Friday as a ratings agency cut its credit rating, a UK pension fund fired its asset management division and it abandoned a highly-touted joint venture with HSBC bank to manage money for affluent clients.

The setbacks come as the largest US brokerage is already reeling from a series of investigations by the New York attorney general and the Securities and Exchange Commission into the conduct of its internet analysts during the height of the bull market.



news.ft.com