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No idea. I start getting twitchy when banks on different continents start getting into trouble though. Last thing we need now is another banking crisis.
No idea. I start getting twitchy when banks on different continents start getting into trouble though. Last thing we need now is another banking crisis.
The first rumours of them being in trouble was last August. Then 3 months ago they raised $3.8billion for restructuring. About a month ago they announced they were awarding their top executives a share of a $380 million bonus. They delayed their annual report but released it today and said there were some structural weaknesses in the way parts of their business were run. Was that $3.8 billion not enough? Did they spaff it up the wall? The markets seem to think they've got problems and the share price dived.
I don't think they will collapse.
Don't believe a word I say. I'm only kidding. Or am I?