mrg666
01-08-2008, 07:53 PM
US mortgage giant Countrywide Financial has denied speculation it is set to file for bankruptcy protection.
Countrywide made the statement after shares in America's largest mortgage lender fell as much as 25% in Tuesday trading on Wall Street.
The shares recovered some ground after the firm's comments, but still ended the day down 21% at $7.84.
http://news.bbc.co.uk/1/hi/business/7177920.stm
Countrywide made the statement after shares in America's largest mortgage lender fell as much as 25% in Tuesday trading on Wall Street.
The shares recovered some ground after the firm's comments, but still ended the day down 21% at $7.84.
http://news.bbc.co.uk/1/hi/business/7177920.stm