Trading in Bank of China suspended
This is just one of our articles referencing the financial crisis, crash of the housing market, subprime, and more:
Shangahai – Trading in Bank of China was suspended Tuesday pending a major announcement, but the bank denied reports that it would post massive losses over assets linked to US subprime mortgages. The suspension came after Hong Kong media reported China’s third-largest bank could announce a significant writedown in 2007 on its 7.95 billion US dollars of investments in subprime-related securities.
“It is the largest subprime exposure in Asia. I don’t know of any bigger exposure,” said Tang Yayun, a Shanghai-based analyst with Northeast Securities.
More Mortgage Crisis Articles Like This One
- Mortgage Bond Trading Between Banks Suspended
- Subprime impact on China reported
- Lehman Brothers bites themselves in the ass with credibility issues
- French bank freezes funds, subprime may spread to Europe
- Having Problems With The Lehman Brothers Timeline
Search for more of our articles. 620 articles have been published in this section
Twitter users - the Tiny Url for this post is http://tinyurl.com/3yvdajn
Trackbacks