Counter party risk is no longer just a risk
Lance on Jan 28 2008 | Filed under: Economics, Latest data
From The Big Picture
Banks May Need $143 Billion for Insurer Downgrades: Banks that raised $72 billion to shore up capital depleted by subprime-related losses may require another $143 billion should credit rating firms downgrade bond insurers, according to analysts at Barclays Capital. Banks will need at least $22 billion if bonds covered by insurers led [...]
