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Member Since: 4/2006Last Seen: 11/13/2009

Global investment banks 'to lose $30 billion'

News Type: Event — Seeded on Mon Sep 17, 2007 8:23 PM EDT

This could be more than a hiccup: the global credit crunch may force some of the biggest and most prestigious names in finance to write off 10% of some of their loans...and the word is a not insignficant number of other ones on their books are looking less than healthy. Another shock and then we could be in for a real bloodbath...

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