| 29.07.2008 - Temasek ploy pays off at Merrill’s cost |
| From FT.com: Announcing Temasek’s landmark $4.4bn capital injection in Merrill Lynch last December, John Thain, the bank’s chief executive, hailed the Singapore state investment agency as a “savvy investor with a proven track record of achieving strong investment returns”. Seven months later and Mr Thain has been proved right – though at a heavy cost to the troubled US investment bank... Full article: Source |