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- Britain's biggest bank HSBC has added to the gloom in the battered banking sector with news of more credit crunch pain and spiralling bad debts. The group said losses from US loans and mortgages had soared to 4.3 billion dollars (£2.73 billion) in ...
www.guardian.co.uk
- It's round two of the GMAC debt restructuring. The struggling lender owned by Cerberus Capital Management and General Motors is going back to its creditors for help. It hopes to persuade them to write off some of their loans, thereby raising the ...
online.wsj.com
- DUBAI, Nov 2 (Reuters) - Western firms and governments are turning to the world's top oil-exporting region for money as the global crisis bites, but Gulf funds that lost billions in the turmoil may be more choosy with their cash as oil income falls ...
www.guardian.co.uk