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View Full Version : Overseas Banks May Have Cut Dollar Holdings on Money Squeeze, Nomura Says - Bloomberg



NewsWhore
08-18-2011, 01:20 PM
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Overseas Banks May Have Cut Dollar Holdings on Money Squeeze, Nomura Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEVpHbbyfDVZHErpBnD-5rZuREOQg&url=http://www.bloomberg.com/news/2011-08-18/overseas-banks-may-have-cut-dollar-holdings-on-money-squeeze-nomura-says.html)
Bloomberg
The figure may have dropped by about 38 percent to $550 billion in the period, Jens Nordvig, a managing director of currency research at Nomura Holdings Inc. in New York said today. Banks had an average cash buffer of about $50 billion before the 2008 ...

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