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  2. What to do when your CD matures in a falling-rate environment

    www.aol.com/finance/cd-matures-falling-rate...

    The current CD rate environment. Since the spring of 2022, the Federal Reserve’s Federal Open Market Committee has raised the federal funds rate 11 times to fend off economic hardships brought ...

  3. Charles E. Merrill Jr. - Wikipedia

    en.wikipedia.org/wiki/Charles_E._Merrill_Jr.

    Merrill was the second of two children born to Charles E. Merrill and his first wife, Elizabeth Church Merrill. He was the younger brother of Doris Merrill Magowan (1916–2001), and the half-sibling to the poet James Merrill (1926–1995).

  4. Lehman Brothers - Wikipedia

    en.wikipedia.org/wiki/Lehman_Brothers

    Lehman Brothers Inc. (/ ˈ l iː m ən / LEE-mən) was an American global financial services firm founded in 1850. [2] Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merrill Lynch), with about 25,000 employees worldwide.

  5. Auction rate security - Wikipedia

    en.wikipedia.org/wiki/Auction_rate_security

    Hold at rate - Bid to hold an existing position at a specified minimum rate. If the clearance rate is below the bid to hold rate, the securities are sold. (A "hold at rate" is not identical to a "buy", but it's one type of "buy". It is the same as "buy" bidding with a certain rate (a hold rate) and current amount in participating the auction.

  6. Asset-backed securities index - Wikipedia

    en.wikipedia.org/wiki/Asset-backed_securities_index

    An asset-backed securities index is a curated list of asset-backed security exposures that is used for performance bench-marking or trading. The original asset-backed securities index was the ABX, a synthetic tradeable index sponsored by Markit (now IHT Markit), which referenced a basket of 20 subprime mortgage-backed securities.

  7. Subprime crisis impact timeline - Wikipedia

    en.wikipedia.org/wiki/Subprime_crisis_impact...

    Mayish: Merrill Lynch fires Jeff Kronthal, who had formerly worked under Lew Ranieri at Salomon Brothers, and his team, because they made a presentation outlining the risks of the mortgage CDO market. [120] Middle: Merrill Lynch CDO sales department has trouble selling the super senior tranche of its CDOs. Instead, it sets up a group within ...

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