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Another Head Rolls at Merrill Lynch

Co-president will step down in wake of huge subprime losses

By Sam Gale Rosen, Newser Staff

Posted Jan 28, 2008 3:55 PM CST

(Newser) – Merrill Lynch co-president Ahmass Fakahany will step down after subprime mortgages led to a $9.8 billion fourth-quarter loss, the firm said today. Fakahany is at least the third exec from Stan O'Neal's team to leave since John Thain took over as CEO, reports Bloomberg.... Read full story »

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Another Head Rolls at Merrill Lynch

Co-president will step down in wake of huge subprime losses

subprime mortgages • Merrill Lynch • John Thain • Stan O'Neal • subprime crisis

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