Fri, 18 Nov 2011 14:53:21 GMT
UK banks decrease loans to peripheral euro-zone countries
British banks drastically cut loans to Greece, Italy and
Spain as confidence in these countries' ability to resolve financial
difficulties remains low. The biggest UK banks decreased loans to peripheral
countries by 24% to 10.5 billion pounds over Q3. HSBC the largest banks by
number of loans slashed its exposure by 40% as reported by Financial Times.