Are U.K. Banks going to suffer from a total loss?

Credit Sights says that it seems that U.K. banks are the banks that are most exposed to Dubai debt worries.

According to an estimate among these banks HSBC and Standard Chartered hold half of the U.K. total.

U.K. banks having $49.5 billion exposure to Dubai Debt

Taking into consideration the data that is compiled by the Bank for International Settlements, it has been said by RBS’s chief euro-zone economist Jaques Callioux that by far U.K. banks have the largest exposure to the U.A.E. at $49.5 billion.

Market sentiments on Dubai Debt Worries

It has been said by the Credit Sights that the direct impact that is expected in terms of potential impairment charges seems to be manageable but the thing that has become a huge problem is probably the market sentiment and renewed fear over the Middle East woes that have spread like a fire in the global trading market.

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Tagged as: Bank for International Settlements, dubai debt, Dubai debt worries, global trading market, HSBC, market sentiment on Dubai Debt, Standard Chartered, the Middle East woes, U.A.E. debt concerns, UK BANKS