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JP Morgan (JPM), RBS (RBS), Credit Suisse (CS) and several other large firms with financial research arms have put out educated guesses as to which banks are most exposed to Dubai debt.
Continue reading...Friday, November 27, 2009
HONG KONG — The fallout from Dubai's debt crisis rippled across the globe Friday, raising concerns of another wave of financial turmoil and showing how vulnerable the world economy remains despite signs of recovery.
Continue reading...Friday, November 27, 2009
Royal Bank of Scotland Group PLC underwrote more loans than any institution to Dubai World, the state.
Continue reading...Friday, November 27, 2009
After you've gotten your Dubai fill, take a break and check out the situation in Greece. Here's the Telegraph from earlier this week: When the European Central Bank's Jean-Claude Trichet said last week that certain sinners on the edges ...
Continue reading...Thursday, November 26, 2009
Some kind of debt restructuring was inevitable for Dubai's myriad overleveraged borrowers, but the emirate's decision not to support property developer Nakheel and seek a debt standstill for holding company Dubai World has devastated ...
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Friday, November 27, 2009
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