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Posts Tagged ‘ Swedish Banks ’

Global Credit Crisis Spreads to Scandinavia

Jun 4th, 2008 | By Contrarian Profits | Category: Featured, Financial News

Sweden and Norway’s banking systems, previously untouched by the world global credit crisis, look set to be the latest victims of the credit crunch, reports Britain’s Financial Times.

Sweden’s Riksbank said the global credit crisis increased the sensitivity of banks to other shocks, adding that it had warned that growth in the Baltic states could slow down more suddenly than expected.

Dominic Frisby in Money Week reckons the spread of the global credit crisis will benefit gold and precious metals.

Tags: bear market, commodities, credit crisis, Credit Crunch, gold, Money Week, palladium, platinum, precious metals, silver, Swedish Banks
Posted in Featured, Financial News | 2804Comments2008-06-04+17%3A35%3A25Contrarian+Profits

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