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Mix-Ansicht- Zentralbanken düften theoretisch kein Gold mehr an JPM verleihen - wg. Downgrade - kingsolomon, 19.09.2002, 09:56
Zentralbanken düften theoretisch kein Gold mehr an JPM verleihen - wg. Downgrade
-->aus Lemetropolecafe
"Hi Bill,
You are probably aware of the following, in case you are not this probably interests you.
You have seen the downgrades made to J.P. Morgan yesterday after they announced their disastrous losses on their loan books.
S&P have downgraded them to A+/A-1 and Fitch has downgraded them to A+.
The interesting thing is that Central Banks around the World require at least a AA rating from their counterparts to do business. (that is the reason why our bank can’t do business with the central banks as we are A rated only.)
The question is, will there finally build up some pressure from the central banks to reduce the gold borrowings of JP Morgan, and will it put pressure on future business (will J.P. Morgan be able to lend Gold in the same way they did before???)
Apart from yesterdays Barrick announcement that could prove to be very interesting!!!"
Regards
Macquarie Bank Limited
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