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<a href="http://www.accessmylibrary.com/coms2/summary_0286-32517258_ITM" title="Facts and information about MACQUARIE BANK SHARES PLUMMET AS US MORTGAGE CRISIS HITS FUNDS.">MACQUARIE BANK SHARES PLUMMET AS US MORTGAGE CRISIS HITS FUNDS.</a>
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MACQUARIE BANK SHARES PLUMMET AS US MORTGAGE CRISIS HITS FUNDS.
SYDNEY, Aug 1 Asia Pulse - Shares in Macquarie Bank Ltd (ASX:MBL) have fallen over seven per cent after it revealed last night that two of its funds faced losses related to the US subprime mortgage crisis of up to 25 per cent.
At 1040 AEST, Macquarie shares were down $5.83, or 7.07 per cent, at $76.67.
The listed Macquarie Fortress Notes fund has about $140 million of investors' money and the unlisted Macquarie Fortress Fund has about $A80 million ($US67.93 million).
Neither fund has direct exposure to US subprime mortgages, but both have been hit ...
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