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Market Update : 
IMF Estimates Loan Loss to Reach $1 T
Author: 123jump.com Staff
123jump.com
Last Update: 4:39 PM EDT April 08 2008

European markets were on the decline after the IMF report suggested that total losses related to U.S. riskly loans could reach $1 trillion. The report predicted dire consequences for banks and financial systems if financial regulators and banks do not act quickly. Banks and brokerage stocks across the region fell.

 

 

 
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