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In Need of Cash, Banks Looking to Sell

It's a buyers market as banks unload 'everything from branches to entire units'

By Jim O'Neill, Newser User

Posted Dec 28, 2007 7:48 AM CST

(Newser) – Still in need of cash, as subprime writedowns continue to maul bottom lines, US and European banks are selling off or shuttering non-critical assets. They've already sold stakes to foreign investors and borrowed from central banks; now it's time for the yard sale, as the... Read full story »

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In Need of Cash, Banks Looking to Sell

It's a buyers market as banks unload 'everything from branches to entire units'

Citigroup • subprime mortgages • Morgan Stanley • UBS • Merrill Lynch • HSBC

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Merrill Lynch Seeking $5B Cash From Singapore

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