Shares of RAMS Home Loans Group Ltd., a Sydney-based mortgage lender, slumped after the company said the shakeout in global debt markets may cut earnings.
Yield spreads on its A$6.2 billion in U.S. commercial loans were higher than forecast and the impact on 2008 profit ``is likely to be material,'' the company said in a statement today.
Monday, August 13, 2007
Australian Lender Takes A Hit
From Bloomberg:
