Expanding Containment of Subprime Troubles
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Big French Bank Suspends Funds
The French bank BNP Paribas suspended operations of three of its funds and the European Central Bank injected cash into the financial system, both in the wake of turmoil in the United States mortgage market......
.....A German central bank meeting was under way today to discuss details of a rescue package for the lender IKB Deutsche Industriebank, another victim of exposure to the crisis in subprime lending. Also today, the Dutch lender NIBC Holding said it had lost $189 million on United States mortgage investments......
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Big French Bank Suspends Funds
The French bank BNP Paribas suspended operations of three of its funds and the European Central Bank injected cash into the financial system, both in the wake of turmoil in the United States mortgage market......
.....A German central bank meeting was under way today to discuss details of a rescue package for the lender IKB Deutsche Industriebank, another victim of exposure to the crisis in subprime lending. Also today, the Dutch lender NIBC Holding said it had lost $189 million on United States mortgage investments......
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