Banking, finance, and taxes
Banks At Risk For Another $203 Billion In Write-Downs
Published:
UBS says that global banks may face another $208 billion in write-downs. The banks are at risk due to issues that could cause the failure of bond insurance companies.
“Banks have made progress in credit-market related writedowns,” London-based UBS analyst Philip Finch said in a note to investors today. “But more are expected,” he added according to Bloomberg
It will be interesting to see how accurate the forecast is.
Douglas A. McIntyre
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