Najvacsia bankova kriza za poslednych 30 rokov

Credit market turmoil poses the most severe crisis for banks in 30 years, surpassing Black Monday in 1987, the Asia currency crisis and the bursting of the dot-com bubble, Morgan Stanley and Oliver Wyman said in a joint report.

Revenue from investment banking may drop 20 percent in 2008, with credit businesses declining 60 percent, analysts led by Huw van Steenis said in a note to clients today. Six quarters of earnings will be erased by writedowns and falling revenue by this month, rivaling the collapse of the junk bond market at the end of the 1980s that put Drexel Burnham Lambert Inc. out of business, the report said.

``The industry is facing the most severe investment banking crisis in 30 years,'' the analysts wrote in the report. ``Global securities markets are in the midst of profound cyclical and structural change.''

Zdroj: Bloomberg

07.04.2008