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Banks face "systemic margin call," $325 billion hit: JPM
03/10/08 -
Business
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Lef
- 0 Comments
Tags:
economy
,
recession
,
subprime
, JPMorgan, margin call
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Wall Street banks are facing a "systemic margin call" that may deplete banks of $325 billion of capital due to deteriorating subprime U.S. mortgages, JPMorgan Chase & Co, said in a report late on Friday.
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