The UK bank’s investment bank’s £1.3bn hit to the credit crunch is less than many investors had feared. Some of that reflects greater confidence in its hedging and leveraged loans. But it’s also down to making use of signs that US subprime was heading for the rocks.Sign up to read the rest of this subscriber-only content, or if you are already a member please sign in here.
Forgotten your password? Get a password reminder.
This Views Flash will shortly be followed by a Considered View