GC Asia
Merrill fixed income makes $15bn loss due to subprime woe
MERRILL Lynch followed Citigroup in revealing more subprime woes yesterday (Thursday) when it revealed net revenue losses of $8.2bn for the final quarter of 2007.
The losses were ascribed to writedowns of $11.5bn in ABS CDO and subprime related residential mortgages as well as $2.6bn from its hedges ...Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
