US - BlackRock and Merrill Lynch have released Q4 and full year financial results, in which Merrill Lynch posted a full year net loss of US$7.8bn.
The disastrous Merrill Lynch results were caused primarily by 'significant declines' in fixed income, currency and commodities (FICC) revenues over the second half of the year, including almost $20...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
