Financial Sector Is Sunk in Gloom

Summary


CREDIT-CRUNCH worries have seen financial-sector business volumes plunge at their fastest rate since the early-1990s recession, a new survey shows today.

And firms, which predict the slide will continue in the coming three months, are as pessimistic as they were at the time of the 1998 Asian financial turmoil and the collapse of Enron in 2003.

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Extract


Financial Sector Is Sunk in Gloom

The latest financial services survey from the CBI and PricewaterhouseCoopers shows that, in the three months to early December, a net balance ...

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