Thursday, October 23, 2008

Steven Wevodau - Bank stocks worldwide tumble (Reuters)

Bank stocks worldwide tumble (Reuters)

The flags of the U.S. and Singapore hang outside of 85 Broad Street where U.S. investment bank Goldman Sachs is headquartered in New York, September 30, 2008. (Lucas Jackson/Reuters)Reuters - Banks stocks fell worldwide on Thursday as concerns swelled that soaring loan losses, tight credit and deteriorating economies would overwhelm lenders' efforts to cut costs and preserve capital.

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