Merrill Lynch banker is the latest scalp in wake of credit crunch ...
Story date: 2007-10-03 01:50:00
Added on: 2007-10-03 15:17:17
Times Online - ... executive, admitted yesterday that the bank would write down about €1.5billion on securities backed by residential mortgages ... It is the second round of lay-offs at the bank, which cut 240 jobs in August. Bear Stearns is due to update investors today ...
Read more...
Related Stories:
-
Merrill CEO will move to Bank of America (Minneapolis-St. Paul Star Tribune)
Bank of America Corp. said Thursday that Merrill Lynch & Co. Chief Executive John Thain will take a new position at Bank...
2008-10-02 06:25:35 -
AP source: Bank of America agrees to buy Merrill - Associated Press
NEW YORK (AP) -- Bank of America Corp. is buying Merrill Lynch & Co. for about $50 billion in a deal that...
2008-09-14 08:56:00 -
Merrill admits losses of $5.5bn on bad loans
Guardian Unlimited - ... Merrill Lynch emerged as one of the worst-hit victims from the summer's credit meltdown yesterday as it...
2007-10-06 03:16:00 -
MetroPCS Sues Merrill Over Risky Investment
Wall Street Journal - Such securities have fallen in value as a result of illiquid markets and rising defaults in subprime-mortgage loans...
2007-10-19 12:02:00 -
Halifax mortgage data stolen - Silicon.com
UK high street bank Halifax has admitted stolen documents from one of its employees contained data on 13,000 mortgage customers. The documents...
2008-05-28 06:23:00 -
Big changes in financial landscape - Boston Globe
WASHINGTON - Bank of America, the nation's largest bank, swung a deal late yesterday to buy the venerable investment bank Merrill Lynch,...
2008-09-15 01:42:00 -
Merrill seen suffering $15bn investment loss (Gulf Times)
TOKYO: Merrill Lynch is expected to suffer $15bn in losses stemming from soured mortgage investments, almost twice the company’s original estimate, the...
2008-01-11 10:08:12 -
David Prosser's Outlook: Merrill Lynch piles on the credit misery
The Independent - ... gossip doing the rounds in recent days that Merrill Lynch would announce credit ... Yesterday, Merrill's said...
2007-10-24 03:48:00