Tuesday, September 25, 2007
The Northern Rock debacle has increased worries about the banking sector, particularly those institutions that rely in part on wholesale funding.
Shadows deepen over exposed lenders
Questions have been raised about how UK banks, particularly small mortgage banks without the comfort blanket of large balance sheets, will access wholesale funding – given that capital markets are in effect closed for business.
Posted by chris @ 11:21 PM (494 views)
One thought on “The Northern Rock debacle has increased worries about the banking sector, particularly those institutions that rely in part on wholesale funding.”
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alan says:
The breakdown of banks stuck with these poison (CDO) loans was given in my post earlier.