Business faces more asset damage: survey

Posted by 7Star Monday, January 18, 2010

Business in general, and the banks, real estate and auto sectors in particular, likely face more damage to their underlying assets amid doubts about the global recovery, a survey showed on January 11. International accounting firm Ernst and Young said a survey of some 170 financial specialists from several countries found that 47 percent believed asset impairments identified over the past two years were lower than expected.

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