Wednesday, Oct 24, 2007
Another Bank admitts to big profit lost
Times Online: Merrill Lynch stuns with an $8bn subprime hit
"The investment bank said it would write-down $7.9 billion the third quarter of the year to cover bad investments and the falling price of mortgage-backed collateral it usedto raise money."
Posted by peter @ 02:00 PM (170 views) Add Comment
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