Subprime fallout hits BNP Paribas

Subprime fallout hits BNP Paribas
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Aug 9 - France's biggest listed bank freezes over $2 billion worth of funds citing issues over the U.S. mortgage sector.

# Bundesbank discusses IKB rescue
# Credit crunch delays RBS hotel deal
# European shares tumble

Darcy Lambton reports.

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US mortgage company collapse hits markets

US mortgage company collapse hits markets
The news of the collapse of American Home Mortgage Investment Corp has been weighing on markets since it was announced Thursday night. The company, the latest victim of the housing slump in the US, has confirmed it will shed almost 7,000 jobs, around 90 per cent of its workforce, and close virtually all operations. It is thought it could seek...

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