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In Canada you will find good, old-fashioned bankers

Posted Mar 10th 2009 12:15PM by Connie Madon (RSS feed)
Filed under: Good news, Canada

The banking crisis is a nasty mess throughout most of the U.S. and Europe. Just recently Lloyds Banking Group PLC (NYSE: LYG) ceded 75% of its assets to the government of Britain, and Citigroup Inc. (NYSE: C) closed at $1.05 on Monday. Let's not forget JP Morgan Chase & Company (NYSE: JPM) has $87.7 trillion worth of outstanding OTC contracts as of September 30. JPM will not disclose how much of this is toxic.

However, it seems this is not the case everywhere. In Canada, for example, banks look healthier.

Continue reading In Canada you will find good, old-fashioned bankers

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