Archive for June 2010
Unfinished business (2): European banks
The latest quarterly review of the Bank of International Settlements (BIS) compares today’s European sovereign debt crisis with the 2007-2009 financial crisis. The BIS understands the European crisis as similar to the early phase of the credit crunch, in 2007. In a similar vein to the post below about US banks needing to restructure, the BIS […]
Unfinished business (1): US banks
In a perceptive “Heard on the Street” column, the Wall Street Journal notes that credit continues to contract, despite government stimulus and Federal Reserve monetary expansion. The Journal says that a more thorough restructuring is needed if the US is to avoid a Japan-style “lost decade”. Bank loans and leases have fallen by 10.5% since the […]
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