Writedowns by investment banks for bad debt could surpass $10 billion (International Herald Tribune)
Story date: 2007-11-02 08:59:37
Added on: 2007-11-02 11:00:18
The fallout from the credit crisis on Wall Street worsened Friday, after a key analyst said new writedowns by investment banks for bad debt could surpass $10 billion in the current quarter.
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