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Why crowdfunding threatens traditional bank lending
Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?
September 2007
by Lee Oliver and Chloe Hayward
Lehman Brothers is the latest bank to tap into the growing demand for FX indices (see the weeklyFiX, August 24: "Now is the time for investable FX indices"). Its FX indices (LBFX) track the performance of a long position in G10 currencies against...
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