iBanks Market Cap Tumble: $87B
Wild table via the UK Telegraph of what they call "lending banks" results have been relative to the recent sub-prime woes (as of yesterday's close).
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Note they do not include entities like Citibank or UBS or Lehman Brothers or Lazard Freres.
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Source:
$43bn of deals pulled in a fortnight
James Quinn
UK Telegraph, 1:04am BST 03/08/2007 http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/03/cndebt103.xml
Friday, August 03, 2007 | 10:00 AM | Permalink
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» Fun with Mortgages from Zeroization
The Big Picture (great blog) sums up the story of the subprime meltdown very nicely in this post. Check out the nice graphs of Q2 delinquency rates and where they are occurring. All told, it had a troubling (though deserved) effect on investment bank s... [Read More]
Tracked on Aug 4, 2007 4:11:41 PM
Comments
Someone should forward that chart to Biderman since no bank is going to loose any money on sub-prime fear..........
Ciao
MS
Posted by: Michael Schumacher | Aug 3, 2007 10:13:06 AM
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