Hypo Real Estate expects 3.1B euro 3Q pretax loss

Courtesy Newsvine - business  Wed, 11/12/2008 - 02:14

Hypo Real Estate Holding AG, the commercial lender that got a 50 billion euro bailout from the German government last month, said Wednesday it expects to report a third-quarter pretax loss of 3.1 billion euros ($3.9 billion) because of more write-downs at its Irish bank.

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