Banking News
- No exposure to U.S. subprime: CITIC Bank
Date: 7-Sep-2007 Sources: (Shenzhen Daily)
CHINA CITIC Bank Corp., the country's seventh-largest bank by assets, said late Wednesday it has no exposure to U.S. subprime mortgage-related assets.
'Up till the publication date of this notice, the firm doesn't hold any U.S. subprime mortgage-backed securities,'the lender said.
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