Deutsche Bank Chief Ackermann Forecasts Further Bank Writedowns

Story date: 2008-02-28 04:32:00
Added on: 2008-02-28 05:41:55

Bloomberg - ... writedowns and credit losses of $163 billion since the beginning of 2007 following the collapse of the U.S. subprime mortgage market. Banks may face as much as $203 billion in additional writedowns, partially because of a worsening bond-insurance ...


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