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Thain says Merrill could raise more capital

FT Alphaville |  August 5th, 2008 | Email this
Merrill Lynch chief executive John Thain said Monday if the company loses more money, it may have to raise more capital, leaving the door open to further capital raises if markets deteriorate, reports Reuters. Thain has been widely criticised by investors for repeated assurances the bank was well capitalised over [...]

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