US banks are showing no other sign than a continued contraction in all forms of lending if you aren’t already a big and beautiful company, writes Julian Gillespie.
Subprime mortgage loans
The subprime mortgage mess keeps wreaking havoc
The toll of companies caught up in the subprime mortgage mess continues with two more German financial institutions hit late last week and the huge French-owned Axa insurance group, which operates here, revealing the $1.2 billion bailout of a two bond funds.
