Sunday, December 26, 2010

Credit Suisse has announced a sell-off of its US$2.8 billion property portfolio.
Credit Suisse has announced a sell-off of its US$2.8 billion property portfolio.
The Wall Street Journal has reported it will be one of the largest bank sales of distressed loans since the financial crisis hit in 2008.

The portfolio, to be sold to Apollo Management LP, consists of loans for apartment buildings in Germany and hotels in a number of European countries.

The bank may share in any gains realised by Apollo as it is taking an equity stake in the company.

euro, criza datoriilor de stat, euroscepticismul, monede nationale, renuntarea la euro, salvare euro, zona euro

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