NEW YORK, March 12 (UPI) -- Former Merrill Lynch & Co. Chief Executive Officer John Thain requested a $40 million bonus for his role in selling the struggling U.S. firm, court papers show.

NEW YORK, Jan. 27 (UPI) -- New York Attorney General Andrew Cuomo said he was investigating bonuses paid at Merrill Lynch just before the company merged with Bank of America Corp.

WASHINGTON, Jan. 26 (UPI) -- President Obama's unhappy lot is to repair deep fissures in the capitalist system while avoiding both the slough of market socialism and the gangrene of state corporate capitalism when government also takes over fallen giants. Oblivious to the momentous stakes, insatiable greed still appears to rule the Wall Street roost.

NEW YORK, Jan. 22 (UPI) -- Former Merrill Lynch top executive John Thain resigned from Bank of America after a quick meeting in New York with his new boss, a bank spokesman said.

WASHINGTON, Nov. 14 (UPI) -- Will the U.S. recession turn into a depression? Will it cause worldwide havoc? As more than 10 million Americans are now out of a job, pushing the numbers to 8 percent of the labor force by year’s end, some Wall Street critics believe the worst is yet to come.

NEW YORK, Oct. 17 (UPI) -- Bailout money meant to provide movement in the U.S. financial system may end up sitting still for a while, various bankers said.

NEW YORK, Oct. 2 (UPI) -- Bank of America Corp. said Thursday it was reserving a top position in the company for Merrill Lynch Chairman and Chief Executive Officer John Thain.

NEW YORK, Jan. 17 (UPI) -- Wall Street giant Merrill Lynch, latest victim of the credit crisis, reported a fourth quarter net loss of nearly $10 billion Thursday.

NEW YORK, Jan. 11 (UPI) -- Merrill Lynch, the U.S. brokerage, has lost about $15 billion in mortgage investments, twice its first estimate reports said.