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Text size [+][-]  Saturday November 21 2009GLOBAL EDITION

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15 Nov 2007 09:55

A stitch in time



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The UK bank’s investment bank’s £1.3bn hit to the credit crunch is less than many investors had feared. Some of that reflects greater confidence in its hedging and leveraged loans. But it’s also down to making use of signs that US subprime was heading for the rocks.

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