EU banks to load up on US muni bonds

EU banks to load up on US muni bonds

There are 1 comment on the Iol.co.za story from Aug 12, 2013, titled EU banks to load up on US muni bonds. In it, Iol.co.za reports that:

European Union policymakers paved the way for the region's banks to load up on US municipal debt by creating a loophole that lets them hold minimal capital against the bonds of local authorities like Detroit, which buckled last month under debts of $18.5 billion.

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Toronto, Canada

#1 Aug 12, 2013

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