In 2008 Merrill Lynch paid cash to staff equivalent to over 100% of the capital left by the year-end.
2008年美林付给员工的工资超过了年底留存资本的总和。
But according to Francisco Blanch of Merrill Lynch, the rising cost of capital is likely to outweigh all these benefits.
但美林的Francisco Blanch称:资本成本的上升有可能超过其收益。
At Merrill Lynch and Goldman they accounted for about half of the firms' equity capital last year, up from just over a quarter in 2005.
去年美林以及高盛的大约一半的公司自有资本是这个样子,而2005年只有25%多一点。
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