SIV Concerns Trigger Worst Week for Credit in Three Months

Story date: 2007-10-19 08:23:00
Added on: 2007-10-19 08:52:48

Bloomberg - The Charlotte, North Carolina-based lender reported $1.3 billion in writedowns for mortgage-backed securities and loans for leveraged buyouts. Super SIV `Flop' Bank of America, the second-largest U.S. bank, said yesterday that ...


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