Sub-prime losses close to $2bn
- Published: 22 February 2008 18:05
- Author:Matthew Martin | More by this Author
- Last Updated: 22 February 2008 18:05
The level of write-downs by Gulf banks due to the sub-prime crises is now close to $2bn, after Gulf International Bank (GIB) announced nearly $1bn in losses from sub-prime-related assets.
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