Banks Swept By 'Conservative Wave' Threat Of War, Losses, Credit Concerns Cited
BANKS
There is a new conservative wave sweeping through foreign exchange departments around the world, sparked in part by the threat of war, but also by the threat of dramatic losses. Analysts and foreign exchange managers surveyed in New York and London say that the tide definitely appears to have turned against aggressive risk taking, at least for now.
Although taking less risk may limit losses, it also reduces bank's chances of posting dramatic profits. A number of analysts say that this development
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