Wealth Management Thrives at Merrill, But Sub-Prime Losses Exceed $5 Billion

US financial giant Merrill Lynch said on Friday that it would post a significant loss in the third quarter after $5.5 billion in writedowns, confirming that the bank was one of the biggest victims of the....

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By: Christopher Owen
October 8, 2007
US financial giant Merrill Lynch said on Friday that it would post a significant loss in the third quarter after $5.5 billion in writedowns, confirming that the bank was one of the biggest victims of the....