“Amid fears that the Turkish lira’s swoon will result in further pain outside the country’s borders, one analyst says investors can take the European banking sector off the list of hotzones at risk of contagion from the emerging-markets crisis.”
“Despite the widespread selling in European bank stocks seen earlier this week, David Carruthers, head of research at Credit Benchmark, says the balance sheets of the European financial sector are in better shape than market participants give credit, and could withstand souring loans from Turkey”
MarketWatch references Credit Benchmark analysis in an article on the credit quality of European banks amidst the Turkish currency crisis.
To read the original article, please click the link below.
View original article (external link)
Credit Benchmark, a new startup that will provide aggregated analysis of trading firms’ proprietary credit ratings and risk assessments, has Read more
London-based startup consensus credit ratings provider Credit Benchmark has begun its proof-of-concept phase with an undisclosed number of contributing banks, Read more
Credit Benchmark received wide-ranging press coverage on its $7MM Series A financing. All Media Ny http://www.allmediany.com/news/27081-index-leads-7m-round-in-banking-ben... Financial News http://www.efinancialnews.com/story/2014-07-09/credit-risk-data-startup-... Finextra Read more
London tech firms attracted a record $1bn (£626m) of venture capital investment in just the first nine months of 2014. Read more
