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November 06, 2007

Merrill Lynch's bad week.

Make that a tough month for Merrill Lynch, the U.S. brokerage founded in 1914. First, record losses and stock plunge, and CEO replacement. Now the SEC investigation on off-balance-sheet deals to obscure risky mortage debt (AP), the forced exit of the chief of ML's consulting services arm (Jacksonville Business Journal), and the exit of a municipal pension fund from the ML portfolio (Global Pensions).

Posted by Holden Oliver (Kitzb├╝hel Desk) at November 6, 2007 11:59 PM

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