Banks warned of two-year subprime hangover

The effects of the credit crisis could last up to two years, according to analysts at rating agency Standard & Poor's.

Speaking in a November conference call, financial institutions analyst Tanya Azarchs said: "It is not a very rosy picture for the next 18 months or two years. We may get more surprises in the fourth quarter."

Azarchs named over-leverage and subprime exposure as the two main problems facing major financial institutions. Of these, subprime was by far the more serious, she said.

"Over

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: