Tuesday, November 17, 2009

Guerrera, Bullock:

Institutions seeking to reduce their reliance on short-term paper will have to pay up because interest rates are likely to rise and governments will stop supporting the financial system, the study by the credit rating agency Moody’s concludes.
Fed survey says banks tighten loan terms - Nov-10
European banks strive to delay capital reforms - Nov-09
Flood initiative shows cross-border risk - Nov-09
Tobin tax appears rank outsider - Nov-10
Short View: Yield curves - Nov-05
High refinancing level eases debt fears - Nov-09

The flood of expiring debt will hit the US and the UK hard – with $2,000bn of debt coming due by 2012 – and could curb banks’ profits or force them to charge individuals and companies more for their services.

The rush to refinance more than $7,000bn of debt by 2012 and a further $3,000bn by 2015 will exacerbate the divide between winners and losers from the crisis, with healthier banks able to fund themselves at cheaper rates than troubled rivals.

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