Summary
THE financial crisis will probably not end until next year or even 2010, Morgan Stanley co-president Walid Chammah says.
Chammah, speaking in Germany, said he expects more banks to fail before the worst is over. "We will likely see more insolvencies among small US regional banks that have focused on mortgage business," he was reported as saying.See the full content of this document
Extract
More Banks Are Expected to Fail ; Economy
Return-on-equity rates o...
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