Two China Banks Suffer Losses Linked to U.S. Subprime

03 Jul 2008

The subprime mortgage crisis in the U.S. has taken its toll on two banks in China, though both reported higher profits in the fourth quarter. Hardest hit was Bank of China, which held $5 billion in asset-backed securities as of Dec. 31, 2.13% of its holdings, only to ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.