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NAB and ANZ most at risk

Discussion in 'Finance & Banking' started by Tropo, 5th Sep, 2008.

  1. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
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    NSW
    05/09/08
    NAB and ANZ most at risk

    NAB and ANZ could potentially announce further write downs of up to $1 billion each says a new report from Citibank.
    NAB and ANZ are considered most at risk from failing structured credit products such as CDO's. Citi estimates possible write-downs from NAB at $500 million to $1 billion.
    ANZ is also considered to be at risk of making further provisions relating to its credit default swap exposure of between $500 million and $1 billion.

    Source: The Daily Telegraph