[lbo-talk] Subprime losses clip profits at Sumitomo Trust

uvj at vsnl.com uvj at vsnl.com
Tue Apr 22 09:25:07 PDT 2008


Reuters.com

Subprime losses clip profits at Sumitomo Trust http://www.reuters.com/article/companyNews/idUST30140820080418?sp=true

Fri Apr 18, 2008

By David Dolan

TOKYO (Reuters) - Sumitomo Trust and Banking Co (8403.T: Quote, Profile, Research), Japan's fifth-largest bank, said it will fall about 10 percent short of its full-year profit estimate, hurt by around $780 million in losses on subprime mortgage investments. http://www.reuters.com/article/companyNews/idUST30140820080418?sp=true



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