Thursday, May 22, 2008

Merrill Lynch sets up group to shed bad assets - Reuters - SendMeRSS


Merrill Lynch sets up group to shed bad assets
Reuters - 58 minutes ago
NEW YORK (Reuters) - Merrill Lynch & Co Inc (MER.N: Quote, Profile, Research) is setting up a group to get rid of troubled or underperforming assets and named US fixed income sales head Doug Mallach its head, according to an internal memo.
Mallach Tapped at Merrill To Dispose of Troubled Assets Wall Street Journal
Merrill Shifts Mallach to Lead Firm's Purge of Troubled Assets Bloomberg
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