Credit Suisse's Dougan Says Mortgage Turmoil May Last (Update1)

Story date: 2007-10-03 03:13:00
Added on: 2007-10-03 04:00:42

Bloomberg - Oct. 3 (Bloomberg) -- Credit Suisse Group Chief Executive Officer Brady Dougan said the market for mortgage credit will be ``problematic'' for as long as 18 months. Rising U.S. home-loan defaults and a surge in credit costs led to ``frozen'' markets ...


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