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IPFS News Link • Economy - International

Investment banks 'to lose $30bn'

09-17-2007 • BBC

World investment banks are set to reveal they have lost about $30bn from bad debts linked to the global credit crunch, a report says. Analysts are predicting the firms - many of which report quarterly results this week - will have to write-off 10%

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Reported By Jean Carbonneau

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Investment banks 'to lose $30bn'

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