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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

Cash management poll 2008:

Cash management poll 2008:

Results now live

August 2008

Bank shareholders prayer: In God we trust; all others pay cash


As the woes in western banking continue, Euromoney thought it would offer its readers something to salve their wounds as they deal with the underperformance of their financial stocks.




Bank shareholders prayer

Your bank, which trades on Wall Street,
Tarnished is your name,
My cods have been done,
In equities and fixed income,
Give us this day our yearly divi,
And forgive us our stupidity,
As we forgive those who traded sub-prime,
And lead us not into temptation,
But deliver us from junk bonds,
For I am much poorer, the children are hungry, for ever and ever. Amen







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