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Bank deleveraging has barely started

Bank deleveraging has barely started

Banks lending money to governments to help fund bank bailouts looks horribly circular

No. 6: If you don’t give it to me you’ll only lend it to someone else and look where that got us

Tuesday, April 1, 2008

Arranger of Global Project Finance Loans - End of Q1 2008





Arranger Value $m Deals % Share
1 RBS 2,999 15 6.9
2 Bank of China 2,858 2 6.5
3 ICBC 2,742 1 6.3
4 Sumitomo Mitsui Banking Corp 2,160 11 4.9
5 Fortis 2,106 10 4.8
6 Bank of Scotland 1,925 8 4.4
7 State Bank of India 1,682 5 3.8
8 Calyon 1,559 10 3.6
9 Mizuho 1,240 12 2.8
10 Caixa Geral de Depositos 1,145 7 2.6
Source: Dealogic







I wanted to pay exactly one quid [£1] but my arm was twisted, and we rounded up to $2

Nomura’s Sadeq Sayeed, one of the architects of the bank’s acquisition of Lehman Brothers’ European business, on the deal of a lifetime

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