Merrill
Merrill
SEC Joining NY Attorney General in Investigating Merrill Bonus Scandal
Submitted by Tyler Durden on 01/26/2009 20:29 -0500Was Merrill Casualty #3 of The Basis Trade After DB Prop and Citadel
Submitted by Tyler Durden on 01/25/2009 14:48 -0500In a bet gone very bad, that if true would make Jerome Kerviel's $5 billion loss at Soc Gen seem like amateur hour, the WSJ reports ($$$ link with hat tip to portfolio.com) that the main reason for Merrill's massive $15 billion Q4 loss was due to some very large basis trades gone horribly wrong.
Was Merrill Casualty #3 of The Basis Trade After DB Prop and Citadel
Submitted by Tyler Durden on 01/25/2009 14:48 -0500In a bet gone very bad, that if true would make Jerome Kerviel's $5 billion loss at Soc Gen seem like amateur hour, the WSJ reports ($$$ link with hat tip to portfolio.com) that the main reason for Merrill's massive $15 billion Q4 loss was due to some very large basis trades gone horribly wrong.
Merrill Employees Seen Running With Paper Bags Full of Cash
Submitted by Tyler Durden on 01/22/2009 00:35 -0500
In what will likely be tomorrow's #1 scandal on CNBC, FT reports that Merrill had decided to pay bonuses in December ahead of their usual payout time in February, and just three days before the merger with Bank of America closed.
Merrill Employees Seen Running With Paper Bags Full of Cash
Submitted by Tyler Durden on 01/22/2009 00:35 -0500
In what will likely be tomorrow's #1 scandal on CNBC, FT reports that Merrill had decided to pay bonuses in December ahead of their usual payout time in February, and just three days before the merger with Bank of America closed.
