Bear Stearns and Citic to form new joint venture

Story date: 2007-10-22 05:13:00
Added on: 2007-10-22 05:52:05

International Herald Tribune - ... went bankrupt, losing billions of dollars on bad bets in the subprime mortgage industry. Bear Stearns' earnings were among those hardest hit by rising delinquencies and defaults among subprime mortgages — loans given to customers with poor credit ...


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