According to data from the Bank for International Settlements, foreign banks have $130 billion of exposure to the United Arab Emirates, with Britain having the largest exposure, $51 billion. Banks in the United States have debts of $13 billion. That is a negligible 0.4 percent of foreign banks’ total cross-border exposure, said Stephen Jen, an analyst at the hedge fund Blue Gold capital management.
- Abhijit Online
from Bookmarklet