Chinese Banks Face Subprime Loan Losses:

Discussion in 'Trading' started by capmac, Jan 21, 2008.

  1. capmac


    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.