08.06.2009 - UK: Property threat to banks
From Times Online: Banks are sitting on more than £100 billion of paper losses from their exposure to UK commercial property - more than the combined market capitalisation of Royal Bank of Scotland, Lloyds and Barclays, according to global property consultant Jones Lang LaSalle (JLL). The staggering figure represents a ticking timebomb for lenders, following a tough two-year spell for the real-estate market.......Full Article: Source
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