Interest charges climb to $300 million for banks

09/10/2007 | Financial Times (free content)

Twenty-five banks are paying an estimated $300 million in interest charges related to the current credit crunch, according to Dealogic. Lending charges on $9 billion worth of bonds issued since July have climbed to a combined $65 million for Citigroup, Goldman Sachs, Lehman Brothers, Merrill Lynch and Morgan Stanley.

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Financial Times (free content)

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