Reuters – Merrill Lynch & Co Inc on
Thursday posted a quarterly loss of nearly $10 billion after
writedowns and adjustments totaling about $16 billion as bad
subprime mortgage bets forced the brokerage to sell stakes in
the company to foreign investors to raise capital.

Reuters – Former First Republic Bank
shareholders sued Merrill Lynch & Co on Friday accusing
the Wall Street investment bank and brokerage of hiding
billions of dollars of losses related to subprime mortgages
while the companies’ merger was pending.

Reuters – Merrill Lynch & Co Inc has
rehired Jeffrey Kronthal, a fixed-income executive who left the
company last year, to help sort through its subprime mortgage
problems, the brokerage told employees on Monday.