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US banks sell property

Language: English Series: Economist ; 327(7805) 3 April 1993, 100(1)Publication details: 1993Subject(s): Summary: Investment banks in the US, reckoning that property prices have reached their lowest point, are buying up property portfolios, which the commercial banks are shedding.

Investment banks in the US, reckoning that property prices have reached their lowest point, are buying up property portfolios, which the commercial banks are shedding.