The ECB’s estimate of a further $238 billion in loan losses for banks is a “pretty generous number”, according to Ralph Silva from SRN. He sees the amount coming in closer to $425 billion as some already problematic banks “have had to put money into organizations that simply are not viable”. Alan Capper from Lloyds Banking Group joined the discussion.

Source: CNBC, June 1, 2010.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.