Thursday, Oct 18, 2007
Crisis in the sub-prime market drags on banks
Times Online: Bank of America plunges as credit crisis bites
Bank of America profits suffer from crisis in the sub-prime market: "Bank of America today admitted profits from corporate and investment banking fell 93 per cent from $1.43 billion (£698.2 million) to just $100 million"
Posted by peter @ 04:19 PM (244 views) Add Comment
1 Comment
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1. Axxo said...
They have only themselves to blame, lending money to people who can't pay it will be know as the " Debt Age " in history!