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JP Morgan says credit turmoil's worst yet to come

Story date: 2007-10-11 05:51:00
Added on: 2007-10-11 19:00:21


Reuters UK - Default rates remain at historic lows this year as an abundance of credit had helped them refinance, avoiding insolvency. "Bankruptcies are intrinsically linked to the availability of credit, and turbulence in the financial markets will ultimately ...


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