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.
