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November 2011

And now European banks are starting to panic as the oxygen is sucked out of the room

2011-11-16
By: Michael R. Carrico
On: November 16, 2011
In: Europe banks

European banks are scrambling to find new sources of funding as traditional sources dry up, reports David Enrich of The Wall Street Journal. For example, banks are now entering ” liquidity swaps” with each other, whereby they exchange illiquid assets that cannot be used as collateral for assets that can.Read More →

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