« Citigroup: Rescue by Rubin | Main | Legal Talk Network: The SoCal fires »

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 (Kitzbühel Desk) at November 6, 2007 11:59 PM

Comments

Post a comment

Thanks for signing in, . Now you can comment. (sign out)

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)


Remember me?