May 5, 2008
Merrill CEO: No need to raise more capital: report
“The next problem area will be those financial institutions who have large exposures to consumer-related debt: home equity loans, auto-loan receivables, credit-card receivables. And they would be primarily regional US banks”
Merrill Lynch & Co Inc sees no need for more capital as the subprime crisis nears an end, but expects U.S. banks with large exposure to consumers to be the next problem area, its chief executive told a ... via Reuters
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