Archive for November 30th, 2009
US banks have just US$13B exposed to UAE
30 November 2009As nervous as I was on Friday morning about the ability of global banks to duck the impact on a payment standstill at Dubai World (see prior post “Eid’s pause won’t help Western Banks as Dubai reels” Nov 27-09), the U.S. stock markets seemed to sluff it off during the holiday-shortened day. Certain U.S. [...]