Europe banks lightly exposed in Dubai: Credit Suisse (AFP via Yahoo! News)

Posted on November 26, 2009 by admin

European banks have 13 billion euros’ worth of exposure to debt-laden Dubai, Swiss lender Credit Suisse estimated on Thursday after the Gulf state shocked investors by moving to suspend some repayments.

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Cindy Askins

Work for a credit counseling company and blog part time about consumer credit and debt.

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