Thursday, June 21, 2007

Brokerage shares fall on troubled credit markets

(Reuters) - Merrill sold only $100 million of $850 million in collateralized debt obligation bonds it seized from the two Bear Stearns' hedge funds, a person familiar with the auction said on Thursday.




Merrill's stock was down 1.9 percent to $86.00, Lehman fell 1.5 percent to $78.62 and Goldman declined 0.5 percent to $224.77.


Read more at Reuters.com Bonds News

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