House prices could fall for two years: Citigroup (Reuters)
The chair of one of the world's most cogent banks told the BBC in an interview that he expects it behest take two years for the markets to stabilise.
He also said he expected the credit crunch could continue through until 2009.
Bischoff told the BBC that there would be redundancies at the bank, which employs 12,000 folks in Britain, and warned that some of them would be compulsory.
No farther minutiae were released of the interview which is due to be broadcast later forward Saturday on the BBC News Channel
(Reporting by the agency of Paul Majendie, Editing by Jon Boyle)
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