BS on BCS

StockJockey's avatar
by StockJockey
Tuesday, August 28, 2007 - 9:05 am

Originally Published In the News August 28, 2007 9:05 AM

There has been a bull market in rumors, and Barclays has been a frequent target of the whisper crowd. The Financial Times is reporting that Barclays is on the hook for hundreds of millions of dollars of exposure to Sachsen LB, a troubled German bank. Barclays is rebuffing the rumors, calling them inaccurate. Of course, compared to the potential problems at State Street, Barclays problems are a drop in the bucket.

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