Banks upped exposure to troubled eurozone states in first quarter: BIS
Despite the single currency zone's sovereign debt crisis, banks increased their exposures to Greece, Portugal and Spain in the first three months of the year, with a $48.6 billion increase bringing reporting banks' total exposures to the three countries up to $1.72 trillion in the first quarter of 2010, the Bank for International Settlements (BIS) said Monday.
Exposures to Greece grew $20.7 billion, largely as a result of banks' expanded credit commitments to residents of the country, the BIS
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