Nationalisation stalk the banking system
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Replacing this lost capacity would be tough at the best of times. Right now, it is nigh on impossible. Demand for credit is lower, as companies and consumers retrench. Losses are surging as the economic climate worsens. Regions Financial, an American regional bank, reported a record $6.2 billion quarterly loss on Tuesday on souring property loans. Structured products still have the capacity to wound.
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