Banking systems confronted by liquidity crunch

Issue 839 - 25 Oct 2008 | 3 minute read

Gulf financial institutions have been exposed to US defaults, but on a relatively small scale. Worst-affected have been Dubai and Bahrain, with Qatar and Saudi Arabia apparently the least-affected. Foreign banks have slowed down their lending dramatically and local banks are having their international credit lines pulled, causing them to freeze inter-bank lending.

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