BNP Paribas Freezes Security Funds

August 8, 2007

109

A major French bank, BNP Paribas, announced Thursday that it was suspending three of its asset-backed securities funds, saying it could no longer value them accurately because of problems in the U.S. subprime mortgage market.

*For more on this story,

read the full Associated Press article.

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BNP Paribas Freezes Security Funds

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