Global Banking Fears Exaggerated: Moody’s
Fears of a global banking systemic crisis are exaggerated despite the serious credit crunch, according to Moody's Investors Service.
-- Daniel Flatt
Fears of a global banking systemic crisis are exaggerated despite the serious credit crunch, according to Moody's Investors Service.The events of recent weeks, which saw banks such as Germany’s IKB fall afoul with subprime mortgage exposure, highlighted the contagious nature of the U.S. subprime meltdown. ...Already a subscriber? Login