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