[Subprime and Europe] 3 – Fallout hits the Netherlands
Another name for the rollcall of subprime victims. Mid-cap investment bank NIBC of the Netherlands on Thursday released preliminary interim results on the back of losses related to US subprime exposure.
[Subprime and Europe] 2 – The next victim is… French
Who’s next? That was the question we considered on Wednesday when it came to fears of a subprime domino effect on Europe’s investors.
And we didn’t have to wait long for the answer.
French bank BNP Paribas on Thursday said it would “temporarily suspend”
[Subprime and Europe] 1 – Who’s next?
After a medium-sized German bank, comes a German asset manager. After that, comes a second German investor. So how much further will the game of subprime dominoes reach?
Analysts at Dresdner Kleinwort say they don’t expect another IKB.