Merrill to write down $5.5 bln http://www.reuters.com/article/ousiv/idUSN0545137320071005?sp=true
Fri Oct 5, 2007
By Ed Leefeldt
NEW YORK (Reuters) - Merrill Lynch & Co (MER.N: Quote, Profile, Research) said on Friday it would write down $5.5 billion for bad bets on subprime mortgages and leveraged loans, becoming the only major Wall Street brokerage to take a loss from turmoil in the credit markets. http://www.reuters.com/article/ousiv/idUSN0545137320071005?sp=true