Wednesday, Jun 20, 2007
Warnings over leveraged debt
FT.com: UBS chief warns over lending boom risks
The chief executive of UBS, the Swiss banking group, warned that the growing number of risky loans investment banks are making could lead to lawsuits and damaged reputations.
The warning by Peter Wuffli highlights increasing concern among senior executives that a boom in leveraged finance could drag banks into litigation and damaging disputes with clients if the credit cycle turns.
Posted by dohousescrashinthewoods @ 10:29 AM (139 views) Add Comment
1 Comment
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1. royston said...
He's dead right. The last time the banking industry was this unregulated and this overstretched was 1929 - just before the Wall Street crash. All forgotten now, though!