Wall Street May Face $460 Billion in Losses, Goldman Says

Posted by Plus Master at 7:03 PM
 

Wall Street banks, brokerages and hedge funds may report $460 billion in credit losses from the collapse of the subprime mortgage market, or almost four times the amount already disclosed, according to Goldman Sachs Group Inc. Profits will continue to wane, other analysts said.

 Read the full story behind this headline here on the Bloomberg website.

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