The sub-prime mortgage crisis may yet claim more victims before the extent of the liabilities of US lenders is fully uncovered, The Independent reports.
The uncertainty and volatility that has undermined global markets over the past few days could spell disaster for a number of pending deals and bids, as well as having major economic implications. One deal at the forefront of speculation is the race for the Dutch bank ABN Amro. While Barclays and a consortium led by Royal Bank of Scotland have fought a fierce battle to take control of ABN, both sides' bids could fall through if the sub-prime crisis worsens. This is because Barclays and the consortium have made bids that depend on them being able to raise money from equity and debt markets ...
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