Recent data from the BIS suggests U.S. banks have $41B in exposure to Greece, mostly in the form...

|By:, SA News Editor

Recent data from the BIS suggests U.S. banks have $41B in exposure to Greece, mostly in the form of CDS contracts sold to European banks who own Greek paper. By comparison, French banks (under downgrade threat), part of an economy 1/6 the size of the U.S., have $65B in exposure.