Friday, August 5, 2011
Robert Peston: “We’re in a for a hair-raising few days.”
Editorial from Robert Peston on how growing sovereign debt crisis is affecting banks' profits. Interesting that RBS is taking a charge of 50% of its Greek sovereign lending, while the French banks are only taking charges of 21% for exposure to the same debt. Expect we'll see Peston much more regularly again on the 10 o'clock news as CC 2.0 gets underway.