<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/dd584178-0a3d-4df8-98af-92b87f0ea6d5/3DC64B68-C850-4075-BF68-38C9A028B26D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.dailymail.co.uk/money/article-1213481/Worst-crunch-come-banks-warned-130bn-toxic-losses.html" href="http://www.dailymail.co.uk/money/article-1213481/Worst-crunch-come-banks-warned-130bn-toxic-losses.html" style="font-size: 11px;">www.dailymail.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailymail.co.uk/money/article-1213481/Worst-crunch-come-banks-warned-130bn-toxic-losses.html"><P>The worst of the credit crunch losses are still to come, warns credit rating agency Moody's in a report on the UK banking sector. <BR /></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailymail.co.uk/money/article-1213481/Worst-crunch-come-banks-warned-130bn-toxic-losses.html"><P>It estimates British banks will have to mop up a further £130billion in losses from bad debts and writedowns on toxic investments. <BR /></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailymail.co.uk/money/article-1213481/Worst-crunch-come-banks-warned-130bn-toxic-losses.html"><P>This would be in addition to the £110billion hit already taken. And, if the economy takes a turn for the worse, Moody's reckons future losses could potentially spiral as high as £250billion  -  all but wiping out the banks' capital safety nets. <BR /></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailymail.co.uk/money/article-1213481/Worst-crunch-come-banks-warned-130bn-toxic-losses.html"><P>Some banks also are slow to make writedowns on their investments in the hope they will recover. Moody's says that the UK banking sector as a whole has already suffered from £110billion billion of losses in 2007 and 2008. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailymail.co.uk/money/article-1213481/Worst-crunch-come-banks-warned-130bn-toxic-losses.html"><P>Some £60billion of this was because of bad debts on reckless lending  -  to businesses, property developers as well as to individuals. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.dailymail.co.uk/money/article-1213481/Worst-crunch-come-banks-warned-130bn-toxic-losses.html"><P>A further £50billion was written off against investments in risky securities  -  such as esoteric debt instruments linked to mortgage assets. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/3DC64B68-C850-4075-BF68-38C9A028B26D/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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