Archive for January 12th, 2008

Banks are likely to face further cumulative value adjustments

1 Comment Published by January 12th, 2008 in Banking Industry, Interesting data

Due to the so called subprime crisis a large number of banks had to make heavy cumulative value adjustments in the third quarter 2007. The ultimate cause for this crisis was credit default related problems with sub-prime loans for house financing (mortgages) in the US. New stresses and strains seem to be occurring for the [...]