US Bank Exposure to Euro Debt Doubles

In a chart that should surprise no one who is actually paying attention, Bloomberg points out that US bank exposure to Euro area debt has doubled in the last four years and now exceeds $600 billion.

Should anyone have reason to believe that the US banking system can remain “decoupled” from the European morass?

I think not.

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Follow

Get every new post delivered to your Inbox.

%d bloggers like this: