Archive for January 12th, 2008

Banks are likely to face further cumulative value adjustments

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

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 fourth […]