Construction bank denied that he had to buy Morgan Stanley toxic assets
Earlier reports from fingers, Morgan Stanley in 2007, a clear understanding of the real estate industry is in a corner of the case, deliberately to CCB (00939 HK) sell toxic assets (Stack 2006-1), investment of $50 million. Until the trade have participated in the development of Taiwan's industrial bank in New York recently, filed the lawsuit to expose event.
However, the construction bank spokesman has on Wednesday (30) to buy into the media denied the report referred toxic assets, but said in 2007, Morgan Stanley in bought other subprime loans, and suffer from the loss, financial statements has made the corresponding provision for impairment, the subprime and now that the impact is not big profits. He refused to "whether to appeal to the same" to respond.
Morgan Stanley has yet to the construction bank, and other domestic Banks to buy subprime product variety and amount to respond.
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