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Mortgage ills afflicting banks (Sun-Sentinel)

Story date: 2007-10-02 04:51:14
Added on: 2007-10-02 15:22:17


Citigroup, UBS expect drop in 3rd-quarter profit Citigroup Inc. and UBS AG warned they suffered significant loan-related losses in the third quarter, becoming the latest and biggest banks to reveal huge ill effects from the spike in mortgage defaults and freeze-up in the credit markets.


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