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July 25, 2008 7:56:14 AM CDT


Stories related to: brokerage

Stories

3 Stories

  • April 2008
    • Merrill Braces for $6B-$8B in New Writedowns

      Merrill Braces for $6B-$8B in New Writedowns

      Merrill Lynch is likely to report another $6 billion to $8 billion in writedowns related to the subprime collapse tomorrow, leading to a third consecutive quarterly loss, the Wall Street Journal reports. Merrill’s chronic mortgage losses—$30 billion and counting—show just how deep the world's largest brokerage is mired in the mess, and have it slashing costs and jobs. More »

      Tags

      subprime crisis   mortgage crisis   Merrill Lynch   writedowns   John Thain   brokerage

  • March 2008
    • Will Lehman Be the Crunch's Next Victim?

      Will Lehman Be the Crunch's Next Victim?

      After a collapse of confidence sank Bear Stearns last week, some traders are betting that Lehman Brothers will be the next victim of the credit crunch. Its stock went on a rollercoaster ride yesterday—plunging 40% at one point and closing down 19%, the biggest fall since the firm went public. But analysts, wary of giving vultures more reasons to circle, are watching what they say about the brokerage firm, Marketwatch reports. More »

      Tags

      Wall Street   subprime crisis   Bear Stearns   Lehman Brothers   financial markets   brokerage

  • November 2007

3 Stories

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