Merrill Takes $8.4 Billion Credit Hit
Story date: 2007-10-24 09:03:00
Added on: 2007-10-24 23:16:57
Wall Street Journal - ... surprise that led the firm's stock price to fall 5.8% as its credit rating ... valuation of the firm's current $20.9 billion portfolio of mortgage-related securities, which Merrill said has shrunk from $40.9 billion in late June.
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