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gruffydd

Ecb Warns Of $283 Billion New Bank Losses

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And they think its all over......and which banks over here a re vulnerable? have they all been 100% truthful in their public valuations....looking at the people who were running them....I would say not.

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Funny how we hear of financials big losses AND US bonds turning up in Japanese suitcases...

All they are doing now is stealing before the state fails.

That's all.

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... I believe in yesterday...

http://news.bbc.co.uk/1/hi/business/7673159.stm

UBS is raising 6bn Swiss francs ($5.3bn; £3.1bn) from the government.

It will also be able to transfer up to $60bn of distressed assets to a fund supported by the Swiss central bank.

:

The bank said that the Qatar Investment Authority was among the group of global investors that had helped the bank to shore up its finances.

Oops.

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Moody’s bank downgrades, pain in Spain edition

Posted by Izabella Kaminska on Jun 15 17:52.

“The extra cushion (i.e. the anti-cyclical provisions) that banks had built up over the years against such risks — which has so far protected their earnings and capital bases — is becoming increasingly thin,â€

Didn't Santanda broker the whole buying up UK bad bank thing by their requirements in Spain for Tier 1 to be so low they could undercut anyone else.

http://ftalphaville.ft.com/blog/2009/06/15...-spain-edition/

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No matter. When you have a printing press losses like these become an irrelevance.

er no, imaginary wealth remains imaginary wealth no matter how many pounds go to make it up.

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