Alarmed by Europe’s latest debt crisis and its unpredictable outcome, banks are getting increasingly picky about who they do business with for fear of taking on risky exposures to rivals who could be about to be whipsawed by bad debts. Greece’s slow-motion crash towards default, coupled with the poor health of banks in Spain, have…
SEPTEMBER 8, 2011, 6:58 A.M. ET.
FOREX FOCUS: Unleashing The Dogs Of Currency War
— As new safe haven, Norway already threatening rate cuts
— Slower global growth will put exporters under pressure
— Other countries will want to be more compe…