Bank of China to take big hit on US subprime

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Bank of China to take big hit on US subprime

21st January 2008, 02:06:AM

BANK of China is expected to make a significant write-down of its investments in US subprime-related securities in the fourth quarter of last year, which could drag down the bank's profit or even send it into the red in 2007, a newspaper said.

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Tags: bank, business, securities, significant

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Bank of China to take big hit on US subprime

Bank of China to take big hit on US subprime

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