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It Plunged Into CDOs In '03, Hiring Pioneer Of the Debt Securities.
- Source :
-
Wall Street Journal - Eastern Edition . 10/25/2007, Vol. 250 Issue 98, pA1-A20. 2p. 1 Graph. - Publication Year :
- 2007
-
Abstract
- The article reports on a $8.4 billion credit loss which Merrill Lynch & Co. is seeing in 2007 as a result of its involvement in collateralized debt obligations that were begun by the company's former chief executive Christopher Ricciardi in 2003. A discussion of several other corporations, including UBS and Citigroup Inc., which have lost large amounts of money as a result of the debt market crisis, is presented.
- Subjects :
- *COLLATERALIZED mortgage obligations
*CORPORATE debt
*CORPORATE finance
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 250
- Issue :
- 98
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 27182207