The New York-based trust bank said by selling and writing down the value of its most risky securities during the quarter, it has significantly reduced the risk of future losses in the portfolio.
By THE ASSOCIATED PRESS, NY Times: Business
Tue, 10/20/2009 - 5:52am
The New York-based trust bank said by selling and writing down the value of its most risky securities during the quarter, it has significantly reduced the risk of future losses in the portfolio.