Despite rescue, U.K. banks face CRE, retail credit risks

10/21/2008 | Wall Street Journal, The

A U.K. rescue plan for banks may not be enough to offset problems from declines in commercial property and exposure in retail credit, Credit Suisse analysts said. "It will take time to de-lever the system, and the downturn is likely to be quite severe, in our view. Banks do not offer enough upside to compensate for the risks, and so we remain cautious," the analysts said in a report.

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