Bankers contest deleveraging and issuance forecasts
Analysts on Friday said the odds of deleveraging within European banks had been highlighted by stress in bank funding markets. Morgan Stanley forecast shrinkage of up to €1.5tr-€2.5tr over the next 18-24 months, while Barclays Capital forecast cost cuts and repricing as a part of such strategies. But while bankers agreed next year would be tough, some disagreed with this analysis.
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