Sector attempts to dust off its wounds.

Investment Adviser, June, 2009

Byline: Anna Lawlor

US crisis wiped out the sector in a way many found hard to believe

The US-born credit crisis has acted as a hand-grenade to the heart of the world's financial sector, decimating stocks in a manner inconceivable until the first wounded corporates were carried from the wreckage - Northern Rock, Bear Stearns, Lehman Brothers, AIG.

Going further than merely 'separating the men from the boys' in the banking world, this crisis has seen all financial stocks savagely sold off - along with any companies deemed too leveraged or too exposed to consumer whims.

Eighteen months later, a faint pulse in the injured can be detected. Some managers, such as Swip's Richard Dunbar, believe adventurous investors are starting to see...

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