A Lot Of Semolians
Posted in Main Blog (All Posts) on July 5th, 2008 4:39 am by HL
A Lot Of Semolians
All not well in Europe, either.
July 4 (Bloomberg) — European banks may need to raise as much as 90 billion euros ($141 billion) to restore their capital after the U.S. subprime mortgage collapse caused credit markets to seize up, according to Goldman Sachs Group Inc.
European banks have already raised $115 billion from investors to replenish capital after reporting $134 billion in writedowns, Goldman analysts led by Christoffer Malmer said in a note to clients today
Evening Thread
Enjoy.