Thursday, July 19, 2007

UPDATE 1-Allstate comfortable with subprime investments

(Reuters) - NEW YORK, July 19 - Allstate Corp. said
on Thursday it is comfortable with holding about $4.8 billion
in bonds backed by risky subprime loans.




Shares of Allstate fell as much as 2.4 percent after the
company discussed its subprime holdings during a conference
call with analysts and investors Thursday.


Read more at Reuters.com Bonds News

No comments: