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&lt;p&gt;Today, Dealbreaker reported that Merrill Lynch will soon announce plans to cut between 10 to 15 percent of its investment banking division (that is,&amp;nbsp;about 300 of its 2,100 bankers).&lt;/p&gt;&lt;p&gt;&quot;The layoffs are expected to be wide-ranging, taking aim at various industry and product categories at all levels of Merrill&amp;#8217;s investment banking division,&quot; according to Dealbreaker.&amp;nbsp;&quot;The cuts will likely be the heaviest among its senior officers, namely, directors and MDs, according to one person familiar with the plan.&quot;&lt;/p&gt;&lt;p&gt;Sources also tell Dealmaker that Merrill will soon be announcing another huge write-down, in the $8 billion range&lt;/p&gt;

Derek Loosvelt

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