$16bn write-down blow for Merrill (Gulf Daily News)

Story date: 2008-01-17 02:54:22
Added on: 2008-01-17 15:00:17

NEW YORK: Merrill Lynch yesterday reported about $16 billion in mortgage-related write-downs and adjustments in the worst quarter of the company's history.The start of a booming year for investment banking fees and big bets on subprime mortgages ended in dismal fashion.


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