Goldman Sachs Warns Of Risks Of $1.3T In U.S. Assets Held By Euro Banks |
| December 21, 2011 | December 2011 Bond Updates |
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European banks hold about $1.8 trillion in U.S. dollar-denominated assets, which, as deleveraging continues in the Old Continent, will tighten lending conditions in the U.S. and become a drag on economic growth, Goldman Sachs’ chief economist, Jan Hatzius, wrote in a note. |
| View more at: http://www.forbes.com/sites/afontevecchia/2011/12/20/eu-banks-1-3t-in-u-s-assets-a-risky-offshore-banking-sector/ |
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