Summary
WALL Street is facing spiralling losses from bad debts as the world's biggest economy remains mired in recession, two of America's biggest banks have warned.
Battling giants Citigroup and Bank of America set aside more than Pounds 7.5bn each to cover soured loans between April and June, the companies revealed yesterday.See the full content of this document
Extract
Wall Street Debts Rise in the Downturn
The increasing losses highlight the dir...
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