Chinese Bank Shares Fall Sharply
Monday January 21, 7:42 am ET
By Joe Mcdonald, AP Business Writer
Chinese Bank Shares Fall Sharply on Reports Lenders Facing Possible Subprime Writedowns
BEIJING (AP) -- Shares in China's banks fell sharply Monday after news reports said its No. 2 lender, Bank of China, might write down holdings of U.S. mortgage securities and two others increased reserves for possible losses.
http://biz.yahoo.com/ap/080121/china_banks.html
Monday January 21, 7:42 am ET
By Joe Mcdonald, AP Business Writer
Chinese Bank Shares Fall Sharply on Reports Lenders Facing Possible Subprime Writedowns
BEIJING (AP) -- Shares in China's banks fell sharply Monday after news reports said its No. 2 lender, Bank of China, might write down holdings of U.S. mortgage securities and two others increased reserves for possible losses.
http://biz.yahoo.com/ap/080121/china_banks.html