Merrill Lynch Posts Steep 4Q Loss (AP)
Posted on January 17, 2008 at 6:20 am in Online Trading
Merrill Lynch & Co., the world’s largest brokerage, lost nearly $10 billion in the last three months of 2007, its biggest quarterly loss since it was founded 94 years ago, after writing down $14.6 billion of investments slammed by the ongoing credit crisis.
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