Thursday, August 16, 2007

Mayor of Dsseldorf, often known as 'Nippon on the Rhine,' curses subprime problems (International Herald Tribune)

Within five days last month, two of the biggest banks in the city, WestLB and IKB Deutsche Industriebank, removed their top executives after losses from trading and investments in U.S. subprime mortgages.

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[Source: Yahoo! News Search Results for mortgages]

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