BNP Paribas suspends three of its funds blaming US market crisis

By A staff reporter 2007-08-09T00:00:00

Paris-based bank BNP Paribas announced on Thursday it has closed three of its asset-backed securities funds because of 'the complete evaporation of liquidity' in the market. The French lender claimed that the US securisation market 'has made it impossible to value fairly certain assets' and added that the valuation will ...

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