Global Banking Fears Exaggerated: Moody’s

21 Aug 2007

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. ...

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