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Merrill Carves Out Distressed Asset Task Force
May 22, 2008Mirroring a similar move this week by UBS AG [stock UBS][/stock], Wall Street firm Merrill Lynch & Co. [stock MER][/stock] is carving out a team of top sales executives to purge distressed mortgage-related assets from the company’s books. The new division, called FICC Asset Management, includes some of the company’s top fixed-income sales leaders and will be headed up by Doug Mallach, the company’s top fixed income sales exec, according to a report Thursday by Bloomberg News.
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Mortgage Losses Stuck on Some Balance Sheets: Report
May 19, 2008 -
Housing Starts Surge on Apartment Construction; Single Family Starts Hit 17-Year Low
May 16, 2008 -
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May 14, 2008 -
“Enormous Losses” Loom, Carlyle’s Rubenstein Says
May 14, 2008 -
BofA Sees Higher Losses on Home Equity Loans: Report
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MBIA Posts $2.4 Billion Loss; Shares Rise Anyway
May 12, 2008 -
State Street Subprime Damages Could Reach Nearly $8 Billion
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Pending Home Sales Dropped in March, Say Realtors
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Bank of America: Countrywide Deal “On Track”
May 05, 2008
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