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Europe Banking: Banks React to Continued Turmoil in Financial Services
Europe Banking: Banks React to Continued Turmoil in Financial Services
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The banking sector has undergone a significant period of instability as banks have been damaged by the credit crisis. Losses linked to exposure to U.S. based sub-prime mortgages have been larger than first envisaged, with some of the largest banks posting billions of Euros of losses, with others yet to report their positions.
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