Written by Timothy Blake on October 27, 2007 under Archives, Risk Management
Subprime mortgage anxiety continued to spread on Thursday as a leading derivatives index hit a new low and fears grew that Merrill Lynch and other banks could be forced into even bigger asset writedowns. Those fears drove Merrill Lynch shares down 4 per cent to $60.90 as analysts suggested the bank might need to take writedowns beyond the $8.4bn announced on Wednesday.
