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IPFS News Link • Economy - Economics USA

Banks' Subprime Losses Top $500 Billion on Writedowns

8-12-2008 • Bloomberg

Banks' losses from the U.S. subprime crisis and the ensuing credit crunch crossed the $500 billion mark as writedowns spread to more asset types. The writedowns and credit losses at more than 100 of the world's biggest banks and securities fi

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