New shocks may emerge, Old Lady warns

Holders of stock, commercial real estate and the US dollar could be the next victims of the banking crisis, the Bank of England predicted in the latest edition of its financial stability report.

Equity prices, the Bank said, "could be vulnerable to any further revision in growth prospects."

The Bank said that its credit conditions survey for the third quarter (http://subscription.centralbanknews.com/item.asp?itemid=29049) had shown lenders were tightening and would continue to tighten lending