More losses for Morgan Stanley and Merrills

The subprime crisis continues to deepen as Morgan Stanley and Merrill Lynch revealed further damage. Morgan Stanley announced in November that it lost $3.7 billion on exposure to CDOs of ABS based on US subprime mortgages, and on the mortgages themselves, in September and October alone. With a month to go until the end of its financial year, it has $2.7 billion net losses on subprime exposure.

Meanwhile, Merrill Lynch announced in its quarterly report that its exposure to subprime markets was

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here