Banks reveal US mortgage losses

Story date: 2007-10-01 10:03:00
Added on: 2007-10-01 13:00:18

BBC Business - A number of big investment banks have admitted major losses caused by bad investments centred on the crisis-hit US sub-prime mortgage market. ... Citigroup revealed its sub-prime losses would total $1.3bn, as well as $2.6bn in extra credit ...


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