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Credit crisis brings changes to US banks

Story date: 2007-10-12 06:40:00
Added on: 2007-10-12 23:00:21


Taipei Times - ... last week that its third-quarter earnings fell 60 percent on repercussions from the subprime mortgage ... bank lost more than US$3 billion on drops in the value of mortgages and leveraged buyout loans, credit-trading losses and costs to write off bad ...


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