Wednesday, January 27, 2010

Hidden losses risk new crisis, warns adviser

http://www.thisislondon.co.uk/standard/article-23781668-hidden-losses-risk-new-crisis-warns-adviser.do


Speaking at a conference in Sussex, she revealed that an IMF study had found that banks had declared only half of the losses. She said: "Some European banks still have issues. The danger point comes not now, and not in 2010, but at the start of 2011."