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Bank results spark fears of further losses

European banks published their much-anticipated 2007 results in February, revealing the extent of the subprime crisis, and hinting at more trouble ahead

The extent of the devastation wrought by the subprime crisis on the banking industry became clearer in February as European banks added their woeful 2007 results to those of the US banks published earlier in the year.

Crisis-hit UBS managed to exceed even Citigroup's astonishing $18.1 billion loss, weighing in with a final subprime-related writedown for the year of $18.4 billion. But the US banks

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