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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. Middle: Merrill Lynch CDO sales department has trouble selling the super senior tranche of its CDOs. Instead, it sets up a group within Merrill ...
Inside Job is a 2010 American documentary film, directed by Charles Ferguson, about the late-2000s financial crisis.Ferguson, who began researching in 2008, said the film is about "the systemic corruption of the United States by the financial services industry and the consequences of that systemic corruption", amongst them conflicts of interest of academic research, which led to improved ...
Bespoke portfolio (CDO) A bespoke portfolio is a table of reference securities. A bespoke portfolio may serve as the reference portfolio for a synthetic CDO arranged by an investment bank and selected by a particular investor [1] or for that investor by an investment manager .
BlackRock. BlackRock, Inc. is an American multinational investment company. It is the world's largest asset manager, with $10 trillion in assets under management as of December 31, 2023. [1] Headquartered in New York City, BlackRock has 78 offices in 38 countries, and clients in 100 countries.
Merrill Lynch: investment bank $29.1 bln Morgan Stanley: investment bank $11.5 bln Crédit Agricole: bank $4.8 bln HSBC: bank $20.4 bln Bank of America: bank $7.95 bln Canadian Imperial Bank of Commerce: bank $3.2 bln Deutsche Bank: bank $7.7 bln Mizuho Financial Group: bank $5.5 bln Barclays
Fidelity Investments. Fidelity Investments, formerly known as Fidelity Management & Research ( FMR ), is an American multinational financial services corporation based in Boston, Massachusetts. Established in 1946, the company is one of the largest asset managers in the world, with $4.9 trillion in assets under management, and, as of December ...
The 2007–2008 financial crisis, or the global financial crisis ( GFC ), was the most severe worldwide economic crisis since the Great Depression. Predatory lending in the form of subprime mortgages targeting low-income homebuyers, [1] excessive risk-taking by global financial institutions, [2] a continuous buildup of toxic assets within banks ...
Sixteen people pleaded guilty for crimes committed at the company, and five others, including four former Merrill Lynch employees, were found guilty at trial. In a separate bench trial, Judge Sim Lake ruled that Lay was guilty of four counts of fraud and false statements. These counts were also vacated because of Lay's death. References