We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

The stumbling herd

24 October 2007 By Antony Currie

Merrill’s $8bn of writedowns after promising $5bn is a major blow to Stan O Neal s credibility. He and his team may not be alone on Wall Street in not understanding the structured finance business, but their blushes should be the deepest.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)