Way down in the hole

[Joelle]

Way down in the hole
      

Merrill Lynch is set to write down a further $6-8 billion dollars in mortgage-related assets when it reports first-quarter earnings on Thursday, the Wall Street Journal reports. It’s also set to announce job cuts of 10 to 15 percent in some struggling business areas such as bond financing.  According to the Journal report, Merrill kept [...]
         

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