Monday, September 24, 2007

Now you know why trust went out of the credit market

Deutsche Bank debt bill may hit 1.7 billion euros

Deutsche Bank's profit could be hit by up to 1.7 billion euros (1.2 billion pounds) thanks to loans that have dwindled in value as a result of the credit market crisis...

Posted by alan @ 09:37 AM (579 views)
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One thought on “Now you know why trust went out of the credit market

  • Deutsche Bank can’t be alone in its exposure,at least it reports it – UK banks and funds have fallen silent hoping…

    On BBC moneybox last week they discussed the failure of northern rock and why the chancellor is acting the way he is, going against previous statements. The reply was that “he knows something we don’t”!
    -Northern Rock surely only has a “solid book” if property prices are sustained.What is it”worth” when prices decline.
    -No surprise that banks in Germany and China and elsewhere refuse to bankroll UK/US lending of any type after such losses

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