Merrill Lynch takes $7.9 billion hit from credit crisis
Story date: 2007-10-24 07:05:00
Added on: 2007-10-24 23:16:57
Houston Chronicle - Merrill Lynch & Co., the world's biggest brokerage, said Tuesday 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 corporate ...
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