Big lenders hit hardest in credit crunch (eFinancial News)
Story date: 2007-10-01 09:10:40
Added on: 2007-10-01 21:33:34
Big lenders such as JP Morgan, Bank of America, Citi and UBS are facing well over $6bn (€4.2bn) of losses due to sub-prime and leveraged finance troubles, or almost twice as much as independent investment banks like Goldman Sachs, Lehman Brothers and Morgan Stanley.
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