Evidence the eurozone crisis is turning the world upside down: with EU banks not lending to each...


Evidence the eurozone crisis is turning the world upside down: with EU banks not lending to each other, cash rich multinationals, such as J&J (JNJ), Pfizer (PFE) and Peugeot (PEUGY.PK), are stepping into the gap and are lending to banks via the repo market, Reuters reports. In one key area, corporations account for 25% of the deals.
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Comments (2)
  • Poor Texan
    , contributor
    Comments (3527) | Send Message
     
    So our cash-rich multinationals are turning into shadow banks? Would like to see more on this story.
    9 Jan 2012, 11:11 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2241) | Send Message
     
    All is well rally on! Shadow banking system in full force.
    9 Jan 2012, 11:18 AM Reply Like
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