Crisis Awaits World’s Banks as Trillions Come Due By JACK EWING

[babsbunny]

http://www.nytimes.com/2010/07/12/business/global/12refinance.html?_r=1&partner=rss&emc=rss&src=ig

FRANKFURT — The sovereign debt crisis would seem to create worry enough for European banks, but there is another gathering threat that has not garnered as much notice: the trillions of dollars in short-term borrowing that institutions around the world must repay or roll over in the next two years.

The European Central Bank, the Bank of England and the International Monetary Fund have all recently warned of a looming crunch, especially in Europe, where banks have enough trouble raising money as it is.

[tabatha]

1. I thought the banks were sitting on piles of $.

[adnelson60087]

2. Billions, perhaps, but certainly not Trillions.

Large Potholes ahead in the "recovery".

[w4rma]

3. Crisis for the banks and bank owners. Only for everyone else if we bail them out. (nt)