Goldman Sachs Archive
Bank losses remain less than a year’s earnings
China, Fed, Housing, Interest Rates, USA
Dec 12, 2007
(Reuters article) Big Banks Lower Outlook, Overshadowing Fed Plan Three major U.S. banks said they expect more write-downs and loan losses in the fourth quarter, eroding investor enthusiam over a Federal Reserve plan to ease the global credit crunch. The warnings from the three banks, Bank of America, Wachovia and PNC Financial
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