Allianz, Axa Profits Precluded Subprime Temptation (Update2)

Story date: 2007-10-12 09:14:00
Added on: 2007-10-12 23:00:22

Bloomberg - ... from underwriting helped them resist the temptations of U.S. subprime mortgage ... July and August after rising defaults on U.S. home loans to buyers with poor credit ... Unprofitable underwriting, equity writedowns and rising bad-loan provisions at ...


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