Writedown reveals Merrill's exposure

Story date: 2007-10-24 04:31:00
Added on: 2007-10-24 22:00:26

MSNBC - But equally surprising was the sheer size of the exposure Merrill revealed. At the end of the second quarter, well after serious signs of distress were evident in US subprime mortgages, Merrill had $32bn of net exposure related to collateralised debt ...


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