Posts Tagged ‘credit crunch’

“Our expectation is for the economic environment to continue to be weak—and to likely get weaker—and for the capital markets to remain under stress,” he said. “We remain conscious that since substantial risks still remain on our balance sheet, these factors will likely affect our business for the remainder of the year or longer.” Portfolio.com […]


I have just watched a video on FT website (view from Europe). Jean Lemierre, the president of EBRD, was talking about the global credit crunch and the effects on the banking region. He started off saying that this is a tricky time for the world economy. However, the banking system hasn’t yet seen a major […]