Summary
"LAST week I explained why, with a back-of-a-fag-packet calculation, pounds 500bn was not an unreasonable figure for the exposure of world banks to sub-prime mortgage debt.
This week, reports suggest that Wall Street banks alone could be looking at losses of up to pounds 250bn which will lead to a halving in the US growth rate over the next six months.See the full content of this document
Extract
Peter Jackson ; in Association with Rbs
In the US, the sub-prime crisis has led to a property price crash, w...
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