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November 23, 2008 3:12:13 CST


balance sheets

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Banks Face Simpler, Tougher Times

Effect of subprime crisis on bottom line shows no signs of abating

(Newser) - Investors waiting for the big banks to turn it around after 2007’s subprime debacle might be waiting a long time, the Wall Street Journal warns. The credit crunch has unraveled a complicated modern banking model that gave big firms nearly total balance sheet flexibility. “It was a different world,” said one analyst. Now, banks must “think real hard about their new business model.” More »

More about:  credit crisis subprime mortgages mortgage backed securities banking balance sheets

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