November 14, 2007

Bear Stearns slashes subprime exposure, to write off 1.2 bln dlrs (AFP)

Pedestrians walk outside the headquarters of Bear Stearns in New York City. Bear Stearns said Wednesday it had slashed its exposure to the US subprime credit crisis and would write off some 1.2 billion dollars in the fourth quarter in mortgage-related investments.(AFP/Getty Images/File/Mario Tama)AFP – Bear Stearns said Wednesday it had slashed its exposure to the US subprime credit crisis and would write off some 1.2 billion dollars in the fourth quarter in mortgage-related investments.

Filed under Real Estate Blog, Real Estate Business by Yahoo! News: Business - Real Estate

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