Merrill's rivals catch a cold from writedown
Story date: 2007-10-24 04:52:00
Added on: 2007-10-24 21:00:38
MSN MoneyCentral - Merrill Lynch's announcement on Wednesday that its US mortgage-related losses were not $4.5bn - as it estimated little more than two weeks ago - but $7.9bn damaged not only its ... top of the structure there are tranches with lower rates of interest ...
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