Banking & Finance

Goldman Cuts Estimates On Citigroup (C) And Merrill Lynch (MER)

Goldman Sachs believes that Merrill Lynch (MER) and Citigroup (C) may have to “post $14 billion in writedowns on assets linked to collateralized debt obligations.”

“If our forecasts are correct, it is likely that these firms may need to raise additional capital in coming months,” the analysts wrote, adding that the firms could sell shares, assets or cut dividends according to Bloomberg.

Douglas A. McIntyre