Another Bank admitts to big profit lost - HousePriceCrash

Wednesday, October 24, 2007

Another Bank admitts to big profit lost

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 (513 views)

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