Is the banking crisis over?
Investors Chronicle - magazine and web content, May, 2009
Byline: Jonathan Eley
THE BIG QUESTION: Banks' share prices have rallied sharply. First-quarter results were reasonable. Robert Peston and Christian Menegatti debate whether the crisis is over
First-quarter results from the four main UK High Street banks showed that profits are starting to recover and bad debts - while still rising - do not look like spiralling out of control. Over in the US, the 'stress tests' applied to 19 major US banks resulted in many institutions having to raise less additional capital than had been feared. Stock markets have rallied strongly. Does all this mean that the banking crisis is drawing to a close, even if the economic crisis it caused remains in motion?
YES, says Robert Peston, BBC Business Editor: ...
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