Merrill Lynch (MER) Will Have To Address Issues - CNBC
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CNBC's Charles Gasparino reports that Merrill Lynch (NYSE: MER) is expected to write-down an additional $3-$5 billion this quarter and report a loss on the quarter.
Gasparino said there is speculation Merrill Lynch may seek a merger-of-equals with a deposit bank. Gasparino said Merrill could also sell assets (Bloomberg, BlackRock), or sell stock.
Gasparino said Merrill CEO John A. Thain has a credibility issue and its looks like he will have to do something he said in the past he wouldn't.
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