Crash of the Titans

Greed, Hubris, the Fall of Merrill Lynch, and the Near-Collapse of Bank of America

Category archive for ‘Merrill Lynch’ rss

  • Bank of America Settlement With SEC: Not Wrong, But Not Right, Either

    A study released yesterday concerning the Securities & Exchange Commission's settlement with Bank of America over its acquisition of Merrill Lynch found that the SEC treated the bank with kid gloves because of the state of the U.S. economy at the time. The Merrill Lynch acquisition is the focus of "Crash of the Titans," the [...]

  • “Crash of the Titans” Featured on MSNBC’s “Morning Joe”

    Greg Farrell, author of "The Crash of the Titans" was featured on MSNBC's Morning Joe this morning. In the interview, Farrell discusses former Merrill Lynch CEO Stan O'Neal, former head of fixed income Osman Semerci, and the combination of factors that brought the company down. The video clip is below:   Visit for breaking [...]

  • “Crash of the Titans” Named One of Bloomberg’s Top 30 Business Books

    Bloomberg has named "Crash of the Titans" one of its top 30 business books of the year, alongside popular titles such as Michael Lewis' "The Big Short," David Kirkpatrick's "The Facebook Effect" and Robert Reich's "Aftershock." Said Bloomberg's James Pressley, the book is "an exhaustive reconstruction of how Merrill Lynch & Co. sealed its own [...]

  • Business Insider’s Four-Part Interview with “Crash of the Titans” Author Farrell

    In a four-part video series on Business Insider, Greg Farrell, author of "Crash of the Titans," talks with editor Courtney Comstock about key players in the Banbk of America/Merrill Lynch merger. These include: Osman Semerci, former head of fixed income at Merrill Lynch; former Merill Lynch president/COO Greg Fleming and former CEOs Stan O'Neal and [...]

  • Recommends “Crash of the Titans” for a Weekend Read

    Steve Schaefer, who writes the "Exile on Wall Street" column for, recommended "Crash of the Titans" for weekend reading. He says "[Author Greg] Farrell tells a story based on hundreds of hours of interviews that builds like a hurricane. A storm that began with a mounting pile of of toxic debt that ultimately resulted [...]

Author, Greg Farrell

GREG FARRELL is a correspondent for the Financial Times. In January 2009, he broke the news that Merrill Lynch had paid out its 2008 bonuses a month ahead of schedule, in December, even though Merrill was in the process of losing $28 billion for the year, and Bank of America needed an extra $20 billion in taxpayer funds to complete its acquisition of the firm. That story sparked an investigation by New York attorney general Andrew Cuomo. Greg is a past winner of the American Business Press’s Jesse Neal Award for investigative reporting and a recipient of the Knight-Bagehot Fellowship for business journalism. He earned a BA from Harvard University and an MBA from the Graduate School of Business at Columbia University.

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