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October 6, 2007
Merrill Lynch Reports Third Quarter Loss
Merrill Lynch took a $5.5 billion hit to its 3d quarter earnings, reflecting its deep involvement in, and lack of supervision over, the mortgage-backed securities business. On Wednesday Merrill let go two of its top credit-market executives. WSJ, Merrill's $5 Billion Bath Bares Deeper Divide.
October 6, 2007 in News Stories | Permalink
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