According to CNBC, Merrill Lynch is likely to post a first-quarter loss on further writedowns of between $6 billion and $6.5 billion, according to senior executives at the company.
Unlike earlier writedowns at Merrill (NYSE: mer) and other Wall Street investment banks, the latest round of write downs are not solely tied to subprime loans, but instead are linked to commercial real-estate debt exposure and other types of loans, these people said.
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