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• European arm has more than $500bn of debt
• Collapsed bank’s creditors expect less than 10%
By Simon Bowers
November 15, 2008 “The Guardian” — — Administrators grappling with the European arm of the failed investment bank Lehman Brothers have told creditors their task is “10 times as big and as complicated” as the unwinding [...]

Merrill Lynch agrees to $50 billion bid from B of A
Wary of the global financial storm, firm accepts $29-share all-stock proposal
By MarketWatch
Last Update: 9/15/2008 9:49:00 AM
NEW YORK (MarketWatch) — Merrill Lynch & Co., navigating in a global financial
storm, agreed to be bought by Bank of America Corp. in an all-stock deal the
companies valued at $50 [...]