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| News Around sub prime mortgage leads: California Leads US in Defaults, Home-Price Decline (Update1) Bloomberg - California, the birthplace of the subprime mortgage industry, is paying the highest price of any state as the housing meltdown persists. SocGen says to fight US suit on subprime risks Reuters - German bank IKB issues profit warning BusinessWeek - IKB has been wracked by losses from the US subprime mortgage crisis since last year, reporting some 2.1 billion euros ($3.3 billion). |
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