Credit Suisse to Cut 150 Jobs on Subprime Fallout (Update1)
Story date: 2007-09-24 05:57:00
Added on: 2007-09-27 08:00:19
Bloomberg - Rising defaults in subprime mortgages, made to borrowers with bad or incomplete credit histories, wiped out demand for mortgage-backed securities, stopping the flow of money to lenders. The growing defaults increased the cost of borrowing for all but ...
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