Merrill could face big subprime write down http://www.reuters.com/article/bankingfinancial-SP/idUSN2432127020070824?sp=true
Fri Aug 24, 2007
By Joseph A. Giannone and Tim McLaughlin
NEW YORK (Reuters) - Profit at Merrill Lynch & Co. Inc. (MER.N: Quote, Profile, Research) could take a big hit if the U.S. brokerage heavyweight cuts the value on nearly $1 billion in subprime lender assets it bought just eight months ago. http://www.reuters.com/article/bankingfinancial-SP/idUSN2432127020070824?sp=true