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GC Asia
Merrill fixed income makes $15bn loss due to subprime woe
MERRILL Lynch followed Citigroup in revealing more subprime woes yesterday (Thursday) when it revealed net revenue losses of $8.2bn for the final quarter of 2007.
The losses were ascribed to writedowns of $11.5bn in ABS CDO and subprime related residential mortgages as well as $2.6bn from its hedges ...Already a subscriber? Login
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