RBS, Barclays, UBS !!! Who’s Next?

It’s not fare to blame all on US banks for the credit mess created all over world. Isn’t it? European banks too should share some responsibilities for the credit crunch problems. To start with US banks are blaming European counterpart for hoarding cash and not giving fresh loans to them. But do they have cash to give others in first place? Remember ‘not to be a donor if you are bleeding’
Here is what Bloomberg data says -

RBS, Barclays, Lloyds TSB Group Plc and the U.K.'s three other biggest banks need to repay as much as 54 billion pounds of debt by the end of March 2009 as par the reports on Bloomberg. The total, which includes bonds, loans and commercial paper, is triple the debt repaid in the same period a year earlier. RBS has about 11.5 billion pounds of obligations coming due in the next six months, while Barclays has 15.9 billion pounds maturing, according to data compiled by Bloomberg.

Before going to press, RBS and Barclays are at doorsteps of Chancellor of the Exchequer Alistair Darling asking for some help or is it Chancellor who’s asking them for help?? I leave that to you to answer…

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