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China Daily | Updated: 2008-10-07 08:10
Financial firms to fall
More financial institutions are set to fail, according to a poll by Norton Rose LLP.
More than 79 percent of 195 respondents from financial institutions and other corporate entities said they expect more banks to fail, according to the poll. Norton Rose conducted the survey from Sept 16, the day after Lehman Brothers Holdings Inc filed for bankruptcy toSept 25, the day before regulators seized Washington Mutual Inc and sold it to JPMorgan Chase & Co.
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