Merrill fixed income makes $15bn loss due to subprime woe

18 Jan 2008

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:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.