M&T's profit falls 5.3% as bad loans double (Baltimore Sun)
Story date: 2007-10-12 12:41:44
Added on: 2007-10-12 03:00:20
M&T Bank Corp., one of the first lenders to disclose that defaults were spreading beyond subprime mortgages this year, said yesterday that its third-quarter profit fell 5.3 percent as bad loans doubled and the company lost money on its investment in a Florida financial firm.
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