Money | Citigroup Are Wall Street Banks Ready to Risk Again? Return to corporate bonds among likely signs crisis is easing By Jim O'Neill Posted Apr 28, 2008 9:48 AM CDT Copied Merrill Lynch, which has taken $30 billion in write-downs, sold $2.55 billion of preferred shares last week, atop a total $12.8 billion it sold in December and January. (AP Photo/Brian McDermott, file) Wary investors appear to be returning to Wall Street, the Journal reports, buying back into higher-risk debt issues from the likes of troubled Citigroup and Merrill Lynch. “Risk taking has come back in the market,” said one expert. Banks still are reluctant to trade short-term debt, and there’s plenty still hanging over brokerages. "We still have some tough times ahead," says one credit strategist—pointing to a housing market that might not yet have hit bottom in an uncertain economy. Read These Next Trumps ends trade talks with Canada. Actor Sam Rockwell gets residuals from movie he wasn't in. Gavin Newsom has filed a massive lawsuit against Fox News. President Trump celebrates a 'giant' Supreme Court win. Report an error