Financial Times FT.com

Chuck’s away!

Published: November 4 2007 19:02 | Last updated: November 4 2007 19:02

A second vicious tumble in the credit markets; a second scalp on Wall Street. Citigroup has lost its boss, Chuck Prince, just days after Merrill Lynch’s Stan O’Neal left. Who would have thought a year ago that both men would be laid low by an obscure form of debt securitisation?

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