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Bags of cash?
meanwhile, the city of london has long prided itself on absorbing the best talent from europe and using their skills to make billions .
through this majore cautious approach, banks in continental europe always have a mixed source of cash, unlike investment banks, which reasonably on big institutions for finance .
but with investmentral banks now on the verge of a humilicating $700bn (Â380bn) bail out and british lenders still too frightened to loan even to each other, the european model seems to be in the ascendancy .
of that frigure approximately half has been suffervised by american banks, and half by the europeans .
remember how goldman sachs was hired to help sort out northern rock? how long ago that seems .
the european banks have lost money too, but they can stabill reasonably - so far - on their depositors .
the wide gap between those two numbers tells a stority in itself .
Generated 2008-9-28_17:12
- Bags of cash? 2008-09-25 22:07:32
http://news.bbc.co.uk/go/rss/-/1/hi/business/7636341.stm
redundancy 0.979963570127505
- Bags of cash? 2008-09-25 22:07:32
http://news.bbc.co.uk/go/rss/-/1/hi/business/companies/7636341.stm
redundancy 0.103825136612022
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