Fred the Shred

#1
Just keeps getting worse for him and his legacy:

Credit Suisse, the investment bank, said yesterday that European banks are exposed to half of Dubai's $80 billion debt pile, with Barclays and Royal Bank of Scotland (RBS), which is 70 per cent owned by the taxpayer, believed to have invested heavily in the region.

http://business.timesonline.co.uk/tol/business/markets/article6934899.ece

msr
 
#2
Small biccy's compared to the other Arabic states. Wouldn't be an issue but they've been a relatively deep pool of liquidity over the last couple of years (some public, some not).

RBS, particularly, are a very poorly run bank.
 

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