Merrill Lynch jettisons CDO biz
The firm plans to stop underwriting collateralized debt obligations and other structured credit products.
Merrill Lynch & Co. Inc. plans to exit the business of underwriting collateralized debt obligations and other structured credit products, according to Bloomberg.
``We are not going to be in the CDO and structured-credit types of businesses,'' said Merrill chief executive John Thain, who was speakin
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