Merrill, other banks sell US$13b debts

(NEW YORK) Investment banks including Merrill Lynch & Co, UBS and Wachovia Corp sold more than US$13 billion in new debt on Tuesday in a move to shore up their balance sheets.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,276349,00.html?