The banks are now sitting on hard-to-value trades that they say are worth about $250 billion, including categories that gained notoriety during the financial crisis, such as complex debt securities.

David Belle

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David Belle

Markets & Sentiment Indecisive trading overnight, risk sentiment still looking constructive. At 7AM BST ASX +0.7% Nikkei -0.2% KOSPI -2.5% NZX +1.5% European markets look likely to open slightly lower. European Opening Calls:#FTSE 6115

David Belle