Merrill swings to loss on huge mortgage hit

Story date: 2007-10-24 11:37:00
Added on: 2007-10-24 12:00:17

Marketwatch - NEW YORK (MarketWatch) -- Merrill Lynch, the nation's largest broker, on Tuesday reported its first loss in about six years, saying bad judgment and weak risk management strategies forced it to write down almost $8 billion of mortgage and related ...


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