From peak to trough
Pricing Dubai risk
It is thought that they have about a $5 billion exposure to the state-investment company which is poised to restructure $22 billion of liabilities.
The biggest exposure is held by RBS followed by HSBC, Standard Chartered and Lloyds. A large chunk of these banks’ exposures is to the performing businesses within Dubai World although RBS, for example, has about $700 million outstanding to the entities put forward...
