Merrill Lynch posts steep third-quarter loss, roiled by mortgage and ...
Story date: 2007-10-24 05:11:00
Added on: 2007-10-25 19:00:18
CNBC - NEW YORK - Merrill Lynch & Co., the world's biggest brokerage, on Wednesday said the summer's credit crisis triggered a bigger-than-expected $7.9 billion writedown during the third quarter. Bad bets on mortgage securities and leveraged loans used for ...
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