BNP Paribas Freezes Funds as Loan Losses Roil Markets (Update4)
By Sebastian Boyd
Aug. 9 (Bloomberg) -- BNP Paribas SA, France's biggest bank, halted withdrawals from three investment funds because it couldn't ``fairly'' value their holdings after U.S. subprime mortgage losses roiled credit markets.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNIJ.UO9Pzxw&refer=home
BNP freezes $2.2 bln of funds over subprime
Thu Aug 9, 2007 8:09AM EDT
By Sudip Kar-Gupta and Yann Le Guernigou
PARIS (Reuters) - France's biggest listed bank, BNP Paribas (BNPP.PA: Quote, Profile, Research), froze 1.6 billion euros ($2.2 billion) worth of funds on Thursday, citing the U.S. subprime mortgage sector woes that have rattled financial markets worldwide.
http://www.reuters.com/article/hotStocksNews/idUSWEB612920070809
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