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View Full Version : Europe’s Banks Face $2 Trillion Funding Gap, Telegraph Reports - Bloomberg



NewsWhore
03-04-2009, 10:30 PM
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Europe’s Banks Face $2 Trillion Funding Gap, Telegraph Reports (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601102%26sid%3DaR2qeUT7NnkI%26refer%3Duk&cid=1311273507&ei=9UevSeCVMpKoQefzsYEC&usg=AFQjCNG323SQPj7KLuMkzHh2JcG5hO6pBw)
Bloomberg
European banks have relied on an unstable supply of funding, borrowing in local currencies to finance long positions in dollars, according to the report, and the currency mismatch is a potential risk as the dollar strengthens against European ...


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