Note: The Dubai collapse has been mentioned many times on this blog since July 2009, so this is old news. Here AND HERE
LONDON (MarketWatch) -- Analysts at Credit Suisse estimated Thursday that European banks they cover could have exposure of around 13 billion euros ($19.6 billion) to Dubai. The broker said a 50% loss on the exposure would be equivalent to around a 5% increase in provisions in 2010 or a hit of around 5 billion euros after tax for the European banking sector as a whole. Analysts cautioned that the numbers are difficult to quantify and exposures will differ from one bank to another.
LINK HERE
Investors in Shock
LINK HERE
The U.S. markets will be spun and manipulated severely. A positive open and rally for Friday is assured!
ReplyDeleteWhy do I think EA is not a big Thanksgiving kinda guy? Anyone into truth couldn't be.
ReplyDelete12:38 Is that truth or tradition?
ReplyDelete