The West fall a new wave of crisis

Foreign Exchange Market Finansy19-02-2008 The West has brought down a new wave of crisis The global credit crisis and did not think to subside. So far everything indicates that we are on the verge of another wave of bad news - the leading investment banks continue to suffer losses of billions of dollars. At the same expectations for improvement are moved farther and farther away. Now experts say is already on the distribution of financial crisis on corporate lending. According to the authors of The Wall Street Journal, difficulties arise from the banks that issued loans for mergers and acquisitions (M & A). Extent of the damage will be clear when banks submit statements for the year and for the first quarter. Wait left until April. When a negative case scenario, banks tipped loss of $ 15 billion in fact, the "process" now underway. This month, at least three major banks, to actively finance the "sharks Business» UBS, Credit Suisse and Deutsche Bank have already announced the cancellation of the value of these loans totaling about $ 1.5 billion, it is believed by experts The Wall Street Journal, on the way bad news from investment banks such as Goldman Sachs, Morgan Stanley and Lehman Brothers. Among U.S. banks in the largest amount of such loans is Citigroup. According to Jeffrey Rosenberg of Banc of America Securities, the bank may write off about $ 4.3 billion, reported IA "Finmarket.