Credit markets: Why litigation is the next crisis facing the banking industry

Lawyers around the world are readying lawsuits to file against banks that sold toxic products to investors. Which types of deals are likely to be the subject of the biggest payouts? And how will banks pay for them?

Special focus: Banking 2008 and beyond

Post-crunch litigation: Lawyers look for sub-prime suspects

A welter of sub-prime and credit crunch related lawsuits have been filed or are being prepared. There is little surprise, since it has such a plaintiff-friendly system, that the US is leading the way. Those with the deepest pockets are being targeted. Alex Chambers reports on the implications.



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MORE THAN A year has passed since the credit bubble burst and the true scale of damage is still unknown.

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