Goldman Sachs
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Merrill Warns; Expects Loss in Third Quarter
Oct 05, 2007Merrill Lynch & Co., Inc. said this morning that “challenging credit conditions” will lead the company to post an expected loss of $0.50 per diluted share for the third quarter as the investment bank writes down an estimated $4.5 billion on the value of CDO and subprime mortgage holdings. The firm also said it will write-down an estimated net $463 million of related underwriting fees associated to non-investment grade lending commitments.
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Update: Litton’s Price Pegged at $500 Million
Oct 04, 2007 -
Update: Goldman Sachs Takes Lead in Potential Deal for Litton Loan Servicing
Oct 02, 2007 -
Merrill May Face $4 Billion Write-Down of Mortgage and Related Assets
Sep 26, 2007 -
Thornburg Sells $21 Billion of Mortgage Assets at a Loss; Plans Return to ‘Business As Usual’
Aug 20, 2007 -
More Hedge Fund Trouble: Goldman Puts Up $3 Billion
Aug 13, 2007 -
Countrywide Feels Housing Market Pinch – Nearly 24 Percent of Subprime Loans Delinquent
Jul 24, 2007 -
No Mortgage Slump Here: Morgan Stanley Soars
Jun 20, 2007 -
Update: Even More on Bear’s Hedge Fund Trouble
Jun 20, 2007 -
Wall Street Finally Starting to Feel Subprime, Alt-A Pinch
Jun 15, 2007
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