BIS data highlights US banks’ exposure to Greece


US banks could be far more exposed to a Greek default than was demonstrated in past releases, new data published by the Bank for International Settlements (BIS) on Monday shows.

Statistics released in the BIS's Quarterly Review says European banks held $136 billion in foreign claims from Greece at the end of December 2010, led by France and Germany with $56 billion and $40 billion in foreign claims respectively. However, the data on potential foreign exposures, a new feature in this quarter's da

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