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The worst lies ahead for Wall Street.
- Source :
- Crain's New York Business; 1/21/2008, Vol. 24 Issue 3, p1-8, 2p, 1 Chart
- Publication Year :
- 2008
-
Abstract
- The article reports on the business losses being faced by several companies, including Citigroup Inc. and Merrill Lynch & Co. It states that the companies are tapping investors to help them cover their mortgage-related losses. A Merrill Lynch strategist states that the corporate bond defaults are likely to triple in 2008. It mentions about several other sectors that are causing economic losses to the companies, which includes the consumer-lending sector.
- Subjects :
- BUSINESS losses
MORTGAGE loans
CORPORATE bonds
CONSUMER lending
Subjects
Details
- Language :
- English
- ISSN :
- 8756789X
- Volume :
- 24
- Issue :
- 3
- Database :
- Supplemental Index
- Journal :
- Crain's New York Business
- Publication Type :
- Periodical
- Accession number :
- 28806359