Banking giants warn of new losses from subprime crisis

Story date: 2007-10-01 04:08:00
Added on: 2007-10-01 21:33:35

Gulf Times - Dozens of US mortgage lenders have been put out of business and major US and European banks have taken a hit, making them more wary about granting the credit on which economic growth is dependent. Deutsche Bank, US giant Bear Sterns, and Wall Street ...


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