Merrill Lynch loses $7.8bn

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US - BlackRock and Merrill Lynch have released Q4 and full year financial results, in which Merrill Lynch posted a full year net loss of US$7.8bn.

The disastrous Merrill Lynch results were caused primarily by 'significant declines' in fixed income, currency and commodities (FICC) revenues over the second half of the year, including almost $20...

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