O’Neal poised to step down at Merrill
Story date: 2007-10-28 04:26:00
Added on: 2007-10-28 20:40:55
Financial Times - Merrill said that, net of hedges, it still had $15.2bn of net exposure to mortgage-backed securities and $5.7bn of subprime loans at the end of September. Given the recent market deterioration, some analysts estimate it is already sitting on further ...
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