Investment banks are expected to
announce fresh write-downs with subprime losses and the credit crunch slicing away at many company's earnings. In the past year, Merrill Lynch & Co. has
lost $19 billion, raised about $30 billion in capital and taken about $47 billion in total write-downs. Ailing
Citigroup Inc. has outlined its plan to whittle down assets by as much as $400 billion. The only one that seems to remain unscathed is Goldman, Sachs & Co. After the jump, see a roundup of the latest losses.
- Maria Woehr
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