Banks detail US mortgage losses

Story date: 2007-10-01 06:00:00
Added on: 2007-10-01 07:00:20

BBC Business - ... largely by $1.3bn write down on the value of securities backed by risky sub-prime mortgages which have seen record defaults in the face of higher US mortgage rates. But the bank also confirmed a pre-tax loss of $1.4bn pre-tax loss on loans to ...


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