Merrill CEO John Thain is responding to critics and disputing "notions that he misled investors about his intentions to raise capital." [NYT]
Former Bear Stearns CEO Alan Schwartz is in discussions with a handful of companies about a new job, including Citigroup, Goldman Sachs, Warburg Pincus and KKR. [NYP]
With an investigation by attorney general Andrew Cuomo underway, UBS's general counsel, David Aufhauser, has resigned. [NYT]
SocGen posted a 63% decline in second-quarter net profit. [WSJ]
KKR is having difficulty raising cash for its latest European fund. [Dealbook]
Sony will acquire the 50 percent it does not control in SonyBMG from Bertelsmann AG. [WSJ]
Last week, Steven Rattner, the head of DLJ Merchant Banking, resigned from the firm. Today the Times reports on the tawdry details behind his departure. [NYT]
