Thursday, January 10, 2008

Aussie banks’ debts

Australian banks have already lost ground on the share market and this news is expected to lead to further declines.

Australia's top four banks are understood to be grappling with a billion dollars worth of debts linked to the sub prime mortgage crisis in the United States.

Posted by chris @ 11:10 AM (371 views)
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One thought on “Aussie banks’ debts

  • It will be considerably more than 1 billion.

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