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Merrill Lynch to write down $5.5bn for bad loans
Irish Independent, Ireland - Merrill Lynch's subprime mortgage unit, First Franklin Financial, has cut jobs and closed branches this year as defaults and foreclosures on loans to … Merrill Will Report Third-Quarter Loss on Writedowns (Update7) Merrill Lynch crashes into loss after $5bn writedown 2nd UPDATE: Merrill Lynch Forecasts $5.5 Billion In 3Q Write Downs |
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