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Europe Daily Bulletin No. 10295

18 January 2011
Contents Publication in full By article 33 / 37
GENERAL NEWS / (eu) banks

Crisis costs American and European banks 1300 billion dollars. According to the news agency Reuters, European and American banks have so far lost 1300 billion dollars since 2007. These losses were registered mainly in 2008 and 2009, in the wake of the collapse of Lehman Brothers. This stratospheric amount, which covers provisions for unsecured loans and depreciation of assets, is still less than the 2185 billion dollars forecast by the International Monetary Fund in May, when it predicted...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
WEEKLY SUPPLEMENT