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BNP Paribas Halts Fund Withdrawals

France’s biggest bank can’t value holdings after credit collapse

By Heather McPherson, Newser User

Posted Aug 9, 2007 12:35 PM CDT

(Newser) – France's largest bank today froze three investment funds threatened by the subprime mortagage collapse, claiming it can’t “fairly” place a value on their rapidly declining assets. Citing the “complete evaporation of liquidity” in the US securities market, BNP Paribas halted withdrawals from... Read full story »

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BNP Paribas Halts Fund Withdrawals

France’s biggest bank can’t value holdings after credit collapse

subprime mortgages • Bear Stearns • finance • bank • stock • mutual funds • BNP Paribas

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