IN BRIEF: Merrill confirms jobs cutback
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Merrill Lynch confirmed it was cutting 180 jobs worldwide from its debt and equity division. A spokesman said there would be about 20 redundancies in Europe with the bulk of these coming from the UK.
Meanwhile, Merrill and Lazard Freres have reached a joint settlement with the District of Columbia related to a series of swaps provided to the district in 1991 and 1992. The settlement included a $3.6m joint payment to the district.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments