Crash of the Titans

Greed, Hubris, the Fall of Merrill Lynch, and the Near-Collapse of Bank of America

Tag archive for ‘Financial Times’

  • “Crash of the Titans” Featured on MSNBC’s “Morning Joe”

    Greg Farrell, author of "The Crash of the Titans" was featured on MSNBC's Morning Joe this morning. In the interview, Farrell discusses former Merrill Lynch CEO Stan O'Neal, former head of fixed income Osman Semerci, and the combination of factors that brought the company down. The video clip is below:   Visit msnbc.com for breaking [...]

  • Forbes.com Recommends “Crash of the Titans” for a Weekend Read

    Steve Schaefer, who writes the "Exile on Wall Street" column for Forbes.com, recommended "Crash of the Titans" for weekend reading. He says "[Author Greg] Farrell tells a story based on hundreds of hours of interviews that builds like a hurricane. A storm that began with a mounting pile of of toxic debt that ultimately resulted [...]

Author, Greg Farrell

GREG FARRELL is a correspondent for the Financial Times. In January 2009, he broke the news that Merrill Lynch had paid out its 2008 bonuses a month ahead of schedule, in December, even though Merrill was in the process of losing $28 billion for the year, and Bank of America needed an extra $20 billion in taxpayer funds to complete its acquisition of the firm. That story sparked an investigation by New York attorney general Andrew Cuomo. Greg is a past winner of the American Business Press’s Jesse Neal Award for investigative reporting and a recipient of the Knight-Bagehot Fellowship for business journalism. He earned a BA from Harvard University and an MBA from the Graduate School of Business at Columbia University.

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