Merrill Lynch, the nation's largest broker and the latest big-name in the financial services industry to be hit hard by the subprime mortgage crisis, reported a fourth-quarter 2007 loss of $9.8 billion. That's $12.01 a share, nearly triple the per-share loss most analysts predicted.http://www.newser.com/2008 - Newseren-usNewser Feed GeneratorThu, 28 Aug 2008 7:43:50 CDThttp://www.newser.com/story/29039/financials-key-downward-spiral.html?refid=rss_all_defaultFinancials keyed major market losses as high-level personnel shuffles at Wachovia and Washington Mutual, plus a report by Standard and Poor that downgraded the ratings of several prominent banks, disconcerted investors, MarketWatch notes. The Dow lost 134.50 to settle at 12,503.82, and the Nasdaq lost 31.13, closing at 2,491.53. The S&P 500 lost 14.71, ending the day at 1,385.67.http://www.newser.com/story/29039/financials-key-downward-spiral.html?refid=rss_all_defaultMon, 02 Jun 2008 15:37:25 CDThttp://www.newser.com/story/25870/are-wall-street-banks-ready-to-risk-again.html?refid=rss_all_defaultWary investors appear to be returning to Wall Street, the Journal reports, buying back into higher-risk debt issues from the likes of troubled Citigroup and Merrill Lynch. “Risk taking has come back in the market,” said one expert.http://www.newser.com/story/25870/are-wall-street-banks-ready-to-risk-again.html?refid=rss_all_defaultMon, 28 Apr 2008 9:40:36 CDThttp://www.newser.com/story/24649/merrill-braces-for-6b-8b-in-new-writedowns.html?refid=rss_all_defaultMerrill Lynch is likely to report another $6 billion to $8 billion in writedowns related to the subprime collapse tomorrow, leading to a third consecutive quarterly loss, the Wall Street Journal reports. Merrill’s chronic mortgage losses—$30 billion and counting—show just how deep the world's largest brokerage is mired in the mess, and have it slashing costs and jobs.http://www.newser.com/story/24649/merrill-braces-for-6b-8b-in-new-writedowns.html?refid=rss_all_defaultWed, 16 Apr 2008 5:55:34 CDThttp://www.newser.com/story/21022/subprime-lender-ceos-defend-exec-pay.html?refid=rss_all_defaultBanking executives who took home huge paychecks even as the subprime mortgage crisis battered their companies appeared before Congress today to defend their actions. Democrats on the House Oversight Committee grilled them about their enormous pay packages as Republicans apologized to them and questioned the premise of the hearing, the New York Times reports.http://www.newser.com/story/21022/subprime-lender-ceos-defend-exec-pay.html?refid=rss_all_defaultFri, 07 Mar 2008 14:06:17 CSThttp://www.newser.com/story/20990/house-hits-high-bonuses-at-strapped-companies.html?refid=rss_all_defaultA House committee wants to know why the CEOs of three companies mired in the subprime crisis collected massive bonuses as their firms bled billions, AP reports. The targets include Merrill Lynch, Citigroup, and Countrywide, all of which posted stunning losses last year. Countrywide CEO Angelo Mozilo and the former CEOS of Merrill and Citigroup, Stanley O'Neal and Charles Prince, will be on the hot seat. O'Neal and Prince were fired, but pocketed hefty payouts on the way out.http://www.newser.com/story/20990/house-hits-high-bonuses-at-strapped-companies.html?refid=rss_all_defaultFri, 07 Mar 2008 3:46:02 CSThttp://www.newser.com/story/17586/another-head-rolls-at-merrill-lynch.html?refid=rss_all_defaultMerrill Lynch co-president Ahmass Fakahany will step down after subprime mortgages led to a $9.8 billion fourth-quarter loss, the firm said today. Fakahany is at least the third exec from Stan O'Neal's team to leave since John Thain took over as CEO, reports Bloomberg. Thain replaced O'Neal in October following almost-as-horrifying third-quarter losses.http://www.newser.com/story/17586/another-head-rolls-at-merrill-lynch.html?refid=rss_all_defaultMon, 28 Jan 2008 15:44:14 CSThttp://www.newser.com/story/17342/are-foreign-bailouts-good-for-the-economy.html?refid=rss_all_defaultWall Street firms, battered by the collapsing subprime market, shored by their bottom lines by selling ownership stakes to foreign governments. Although the investments represent a significant change in the US economy, they drew little public criticism and no government intervention. That reaction—or lack thereof—follows years of lobbying by overseas governments and large American financial firms, the Wall Street Journal reports.http://www.newser.com/story/17342/are-foreign-bailouts-good-for-the-economy.html?refid=rss_all_defaultFri, 25 Jan 2008 7:23:16 CSThttp://www.newser.com/story/54495/merrill-ceo-thain-emphasizes-risk-culture-changes.html?refid=rss_all_defaultNEW YORK (Dow Jones)--As if he were running for the U.S. presidency, Merrill Lynch & Co.'s (MER) new chairman and chief executive, John Thain, said in his maiden quarterly conference call with analysts that he is focusing on change.http://www.newser.com/story/54495/merrill-ceo-thain-emphasizes-risk-culture-changes.html?refid=rss_all_defaultFri, 18 Jan 2008 10:56:20 CSThttp://www.newser.com/story/16658/merrill-98b-loss-on-115b-writedown.html?refid=rss_all_defaultMerrill Lynch reported a fourth-quarter loss of  $9.8 billion, or $12.01 a share, nearly triple the per-share loss most analysts predicted, reports Bloomberg. It was the second straight losing quarter for the nation’s largest broker, and capped the company’s first full-year loss since 1989. Merrill said it took $11.5 billion in writedowns on subprime mortgage-related securities.http://www.newser.com/story/16658/merrill-98b-loss-on-115b-writedown.html?refid=rss_all_defaultThu, 17 Jan 2008 6:38:41 CST