Credit losses tipped to hit $1.3 trillion

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Credit losses tipped to hit $1.3 trillion

25th March 2008, 22:31:PM

US investment bank Goldman Sachs has forecast global credit losses stemming from the current market turmoil will reach $US1.2 trillion ($1.33 trillion), with Wall Street accounting for nearly 40 per cent of the losses.

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Tags: bank, business, credit, global, investment, turmoil

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Credit losses tipped to hit $1.3 trillion

Credit losses tipped to hit $1.3 trillion

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