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France's fourth-largest bank, Natixis, plans on unloading $800 million in mortgage loans tied to beleaguered subprime lender New Century (NEWC Quote).
A Natixis spokeswoman in Paris was unable to comment, and a spokeswoman at New Century didn't immediately return a call for comment.
The move marks the second such subprime selloff by bank lenders looking to unload debt provided to the troubled mortgage lender. At the same time, it suggests that a bankruptcy may be imminent. ...
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