Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Saturday, October 6, 2007

Merrill Lynch Reports Third Quarter Loss

Merrill Lynch took a $5.5 billion hit to its 3d quarter earnings, reflecting its deep involvement in, and lack of supervision over, the mortgage-backed securities business.  On Wednesday Merrill let go two of its top credit-market executives. WSJ, Merrill's $5 Billion Bath Bares Deeper Divide.

http://lawprofessors.typepad.com/securities/2007/10/merrill-lynch-r.html

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